1 / 2

Egg prices jump 40% to Rs 7.5 a piece on tight supply, low production

Egg prices jump 40% to Rs 7.5 a piece on tight supply, low production on Business Standard. Prices are up from Rs 4-5 last year as poultry farms reduced production for 2017 because they did not get better rates last year<br>

rosejames789
Download Presentation

Egg prices jump 40% to Rs 7.5 a piece on tight supply, low production

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Business Standard Egg prices jump 40% to Rs 7.5 a piece on tight supply, low production Prices are up from Rs 4-5 last year as poultry farms reduced production for 2017 because they did not get better rates last year

  2. Egg prices have jumped by up to 40 per cent to Rs 7-7.50 per piece in retail markets in most parts of the country, hit by tight supply, Poultry Federation of India President Ramesh Katri said on Monday. 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. ALSO READ: 100 for Rs 500: Egg prices up 25% in 1 month, chicken down by 30% "Egg prices have increased significantly as many poultry farms have reduced production for the current year because they did not get better rates last year," Katri told PTI. In 2016-17, egg prices at the farm gate level (wholesale) were ruling 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 the national capital 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 and it remained higher in 2016-17 as well, the government data showed.

More Related