Commodities

Egg prices cut by 10 paise to boost offtake

Gayathri G. Chennai | Updated on March 10, 2011 Published on March 10, 2011

eggs   -  Business Line

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The Namakkal-based layer producers have decided to prune the farm-gate price of shell eggs by 10 paise to Rs 2.33 a piece on Thursday. The price reduction comes in the wake of onset of summer when the consumption dips.

Egg prices touched a record Rs 3.02 in January and experienced an almost 40 per cent fall to touch Rs 2.40. Sources in the Namakkal Zone of the National Egg Coordination Committee told Business Line that the present price is likely to remain stable for some time.

The price cut effected by the Committee is also aimed at perking up offtake which is usually low in summer.

Meanwhile, Palladam-based Broiler Coordination Committee has fixed the prices of live chicken at Rs 69/kg (Rs 63).

Dr P. Selvaraj, Zonal Chairman, NECC, said that farmers are advised to hold back their produce since the prices of cull birds are expected to rise by end-March as the demand for animal protein is usually high during summer and the production also goes through a lean phase.

NECC has maintained the rates for layer birds unchanged at Rs 29/kg. Namakkal and Palladam are the benchmark of poultry prices in the country.

Published on March 10, 2011
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