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Problem of Falling Egg Prices to be Tackled

by 5m Editor
10 July 2009, at 12:08p.m.

THAILAND - Members of the Hen-Egg Farmers, Traders and Exporters Association have mobilised Bt20 million to solve the problem of falling egg prices.

The association, together with the Layer Farmers Association, have set up an Egg-Price Stabilisation Fund in a bid to shore up domestic prices, according to The Nation.

HEFTEA president Mongkol Sattayanuwong said raisers had faced losses for three consecutive years without government assistance.

As a result, the two associations have joined forces to mobilise Bt20 million. The money will be used to purchase surplus eggs from farms and reduce the number of layers.

Mongkol said the fund would be used to shore up egg prices and thus prevent price-dumping for surplus eggs. Reducing the number of layers will directly reduce egg production.