Rs 5 to Rs 7 a piece: Egg prices up, likely to go up further
Poultry farms have reduced production for the current year because they did not get good rates last year, Poultry Federation of India president Ramesh Katri said.india Updated: Nov 20, 2017 13:31 IST
Egg prices have jumped by up to 40 per cent -- from Rs 5 a piece to Rs 7-7.50 per piece -- in the past few days in retail markets in most parts of the country, Poultry Federation of India president Ramesh Katri said on Monday.
“Egg prices have increased significantly as many poultry farms have reduced production for the current year because they did not get good rates last year,” Katri said.
The upward trend would continue in coming months as egg production is likely to be lower by 25-30 per cent this year, he said.
In 2016-17, egg prices at the farm gate level (wholesale) were below Rs 4 per piece in view of higher domestic output while the cost of production had stood at Rs 3.50 per piece, he said.
Due to the losses last year, apprehensive of getting lower rates again and fear of animal welfare activists, many have cut down their production and some have shut their poultry farms, he explained.
Egg prices in retail markets in Delhi are ruling at Rs 7-7.50 per piece, up from Rs 4-5 last year, according to trade data. A similar situation prevails in other cities as well across the country. Egg production was around 83 billion in 2015-16
First Published: Nov 20, 2017 13:31 IST