Financial Daily from THE HINDU group of publications
Tuesday, May 16, 2006
Financial Daily from THE HINDU group of publications Tuesday, May 16, 2006 |
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Agri-Biz & Commodities
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Poultry Government - Politics States - Tamil Nadu TN move likely to buoy egg trade sentiment G. Gurumurthy
Hatching hopes Prices seen picking up gradually from the current 85 paise. Rates could top Re 1 next month beginning. Drop in production due to excess heat could also help in prices rising.
Coimbatore , May 15 Shell egg trade and the poultry farmers in the State are buoyed by the DMK Government's announcement increasing the eggs to be served at the State's noon meal centres from one to two a week from July. The increased off-take is expected to push up the sentiments for the poultry trade whose morale was badly shaken by the recent avian flu scare. "The State Government's announcement has really come as a big relief to the farmers as the daily off-take to the noon meal supplies will double from ten lakh eggs a day to 20 lakh eggs," said Dr P. Selvaraj, Chairman of the Zonal National Egg Coordination Committee (NECC) at Namakkal, the epicentre of the State's layer egg production.
SENTIMENT
More than the off-take in the number of eggs, the Tamil Nadu Government's order of doubling the egg serving would drive up the price sentiment for the egg trade which remained lacklustre because of loss brought about by the avian flu scare two months ago. Dr Selvaraj told Business Line that he expected the egg prices to gradually pick up in view of the State Government's order, though the doubling of the noon meal centres supplies would happen only from July when the tendering of the egg supplies would be through. There has been a sharp upheaval in the egg rates in the last few weeks.
RULING FLAT
Though late last month the procurement rate of shell eggs touched the high of Rs 1.15 apiece, it fell to as low as 85 paise by the first week of this month and it has remained at that level till now. Though the consumption of eggs improved in the subsequent weeks, it failed to act on the prices, the egg trade says.
GAINS ON CARDS
In the view of the State Government order, the farm-gate price of egg is likely to post steady gains over the next two weeks or so. Indications are that the price may hit the Re 1 level by the beginning of next when most schools too would have reopened. The higher egg procurement for noon meal distribution is, according to Dr Selvaraj, expected to act positively on the open market price for the shell eggs and may result in the average price going up by five to six paise per egg. Any lift up in the price of egg in the State would naturally cause sympathetic movement in the average rate for eggs in the all-India egg market as well, he felt.
DROP IN PRODUCTION
To ward off consumption aberrations in the light of the avian flu scare, egg producers in the State went about scaling down production. Fortunately for them, the excess summer heat conditions in recent weeks have aided them in the form of general drop in egg production across the State, thus saving them from the difficulties of marketing. The drop in production is put at around 7 per cent of the daily egg production of around two crore estimated for the Namakkal zone.
More Stories on : Poultry | Politics | Tamil Nadu
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