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With the austere Shravan season in the North coming to an end and Aadi getting over in the South, egg is set for a spike on hopes of a rebound in consumption.
Egg rose by 24 paise to Rs 3.04 a piece. 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. 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, too, is up by 1.5 per cent at Rs 1,429 a quintal. Oil and oil meal prices, too, are way high, making feed expensive for the poultry industry.
Broiler price too has been increased by Rs 5 a kg to Rs 51 owing to a pick-up in demand. The price of layer birds has been revised up to Rs 45 (Rs 35).
>gayathri.gururajan@thehindu.co.in
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