ShapeShapeauthorShapechevroncrossShapeShapeShapeGrouphamburgerhomeGroupmagnifyShapeShapeShaperssShape

Egg prices in south travel north on rising demand

by 5m Editor
4 July 2007, at 10:22am

INDIA - It appears to be “eggsciting” times in the south with prices of eggs having gone through the roof.

Poultry producers said it’s a combination of various factors at play. Reasons for the price rise include rising corn prices, lifting of ban on the export of eggs to Gulf countries (imposed following the bird flu scare) and the huge demand caused by the tri-weekly egg scheme of Tamil Nadu government to school children.

At the retail level for instance, eggs are costing Rs 30 for a dozen and have risen 2-4% during the past two months. Globally, for instance, corn prices have been on the rise thanks to fall in production as well as diversion of corn for producing “ethanol” as crude prices crossed the $65 per barrel mark.

US corn which was costing anywhere around $85-90 per tonne now costs over $130-137 per tonne all in a market of nine months a jump of 33%. Although the US is projected to have a production exceeding 300 million tonne that offers no solace as the landed price of imported (US) corn can well exceed $200 per tonne.

An official from National Egg Coordination Committee (NECC), Namakkal zone, said the hatcheries in Namakkal are gearing up for an additional production of 70 lakh eggs a week to meet the demand.

Source: Economic Times

5m Editor