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Egg prices dip by 30% on sluggish demand

Egg prices have declined by up to 30 per cent in most retail markets of the country.

Egg prices have declined by up to 30 per cent in most retail markets of the country due to sluggish demand in summer and some impact of import ban on Indian eggs by the UAE,the National Egg Coordination Committee (NECC) said.

The retail price of egg,which was ruling at Rs 4 apiece during winter,has come down to Rs 2.75 apiece now in most places,NECC said.

“Retail prices have come down due to lower demand in summer. Also,there was some impact of ban on Indian eggs from the UAE,” NECC Chairman M B Desai said.

The NECC,the world’s largest association of poultry farmers,said retail prices were slashed to clear inventories that was piled up after Kuwait,Bahrain,Dubai banned entry of Indian eggs in December,2011.

Oman has also recently banned Indian eggs following bird flu outbreak in Orissa and Tripura,he said.

He,however,mentioned that Indian eggs continue to be exported to Afganishtan and African countries.

So far,on a average 180 containers,comprising 4,00,000 eggs in each container,have been shipped to these two countries,he added.

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According to NECC,India normally exports 150 containers of eggs. Much of egg exports take place from Nammakal district in Tamil Nadu.

The egg production is around 18 crore per day in the country.

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