With the austere Shravan/Aadi season coming to an end and rains lashing parts of the country, egg prices are set for a spike on hopes of a rebound in consumption.
Egg price this week rose by 5 paise to Rs 3.09 a piece, crossing the Rs 3 mark for the third time in 2012. The National Egg Coordination Committee of Namakkal zone has decided to hike the floor price steadily. Egg prices have already been hiked in Delhi, Barwala and Kolkata — major consuming markets in the North.Moreover, soaring feed costs, too, are prompting the industry to raise prices. Prices of soyameal, a key ingredient in poultry feed, has more than doubled this year to Rs 41,000-41,500 a tonne from last year. Maize prices, too, are up 2 per cent at Rs 1,500 a quintal. Oil and oilmeal prices, too, are way high, making feed an expensive commodity for poultry industry.
The broiler price has been hiked by Rs 7 a kg to Rs 58 owing to pick-up in demand. Layer birds are ruling flat at Rs 45 as farmers stopped selling birds, since the egg rate has been increasing pushing up bird rates. Farmers are not ready to sell their chicken as they expect egg to climb further, said an NECC spokesperson.