Poor production behind egg price rise

Poor production behind egg price rise

Hike in Egg Price current retail rates of around Rs 7 per piece in Many States, it may be more worthwhile for people to eat chicken instead. This works out to around Rs 6.5 to Rs 7.5 per piece, which is Rs 120-Rs 135 per kg (supposing the average weight of egg is 55 gms).

According to the Ministry of Agriculture, the egg availability is 67 eggs per person per year in India while as per the National Nutrition Institute this should be about 180 eggs per person. This year, the purchasing power has increased in general due to a good monsoon. The eggs rate was suddenly raised due to low productivity. "Same scenario is playing out in Telangana too, causing a spike in demand".

While egg prices have gone up significantly, the price of broiler chicken has dipped owing to added supply from the poultry farms.

Reddy said prices in the state are expected to come down only by December-end or early January, when the demand pressure is expected to ease and supply improved.

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A report in the Indian Express on Monday said eggs in Pune are as pricey as chicken in kilogram terms.

According to the Poultry Federation of India (PFI), egg prices will remain high till February, 2018, as consumers are earmarking a larger portion of their stretched food budgets for eggs. Eggs are a key source of protein for many poor families.

Manoj Sharma, who owns a poultry farm in Karnal and Panipat in Haryana and supplies eggs to Delhi and NCR areas, said that the rise in vegetable prices has contributed to the increase in the prices of eggs, as in many cities, the main vegetables are costlier than a dozen eggs. "In the last three years, farmers have incurred huge losses". Due to high productivity of eggs the rate was lowered during 2016-17.

Another reason behind the surge pricing is that the cost of vegetables is also shooting up due to high demand. In the last four years, over 30% egg farms have shut shop as input costs have been rising while egg prices remained stable. As demand picks up, prices also follow the suit.

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