Business Daily from THE HINDU group of publications Wednesday, Nov 05, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Agri-Biz & Commodities
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Poultry Egg prices touch record high of Rs 2.09 Gayathri G Chennai, Nov. 4 The poultry sector which had been affected until last month due to the onset of the Navaratri and other festive seasons is finally back in the black, thanks to seasonal and winter demand. For the first time in 25 years, the floor price of a single egg has touched Rs 2.09. Industry sources claim that this is the first time the price of egg does not chart a downward swing despite healthy production to meet the high demand in northern States that are now experiencing winter season. Seen stable“The price of eggs during earlier occasions has fallen due to excess production. The present price tag, we hope, will remain stable for quite some time now,” said an official in the National Egg Coordination Committee, Namakkal Zone — the poultry hub of South India. Meanwhile, Palladam-based Broiler Coordination Committee has also increased the price of live birds by Rs 4 a kg from last week’s Rs 46 a kg. Sources feel prices will rule firm till the onset of Sabarimala season, which begins middle of this month. The zone has a daily production of 2.5 crore eggs, of which Kerala buys 50 lakh eggs while another 50 lakh is being exported to West Asian and a few African countries. The rest is meant for local markets, besides supplying nearly 2 crore eggs a week in the noon meal centres. More Stories on : Poultry
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