Commodities

Egg prices remain unchanged

Our Bureau Chennai | Updated on June 23, 2011

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Egg prices, which rose with the onset of monsoon, remained almost flat for a week at Rs 2.68 a piece. Meanwhile, broiler prices slid by Rs 6/kg in a week owing to consumer resistance and less demand.

With summer at its fag end, offtake of poultry products is on the rise and to keep the demand apace, the Namakkal-based National Egg Coordination Committee (NECC) has decided to leave egg prices unchanged.

Egg prices touched a record Rs 3.02 in January while broiler prices skyrocketed to Rs 75/kg during March-April. Coupled with an ever-increasing domestic demand, pricey fish in neighbouring Kerala and the re-opening of schools — a major consumer of eggs under the noon-meal scheme, egg prices perked up gradually.

On the export front, the much-awaited ferry service between Tuticorin and Colombo is expected to provide a shot in the arm to the industry that has set its sight on Sri Lanka after Indian eggs vanished from the West Asian menu.

Meanwhile, prices of layer birds rose by Rs 2/kg to Rs 46. Namakkal's poultry industry is planning to scale up its layer-birds capacity to meet increasing demand. The strength of layer birds in the Namakkal Zone, as on May, stood at 46.3 million, and the industry hopes to add another 4 million layer birds to this to meet the rising demand.

Published on June 23, 2011

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