Comments
The price of an egg scaled a new high of Rs 3.40 on Wednesday. It is set to rise further in the coming days, driven by escalating feed prices. The farmgate price of egg had touched a high of Rs 3.33 on June 28.
To offset losses
The National Egg Coordination Committee (NECC), Namakkal zone, effected a hike of 15 paise on Wednesday. Its Chairman P. Selvaraj said that this time the hike is not due to rising demand (that is the sole driving force for the increase most of the times), but zooming feed prices.
“We were forced to effect this price rise to make up for the heavy loss incurred by layer farmers in the last few weeks,” he told Business Line .
Buyers resistance
On consumer resistance, he said that there won’t be much resistance from buyers and the traders as floor rates will not exceed the Rs 4-mark.
Another reason for acceptance of egg despite its price hike is the increasing cost of vegetables and other meat products, he said.
Meanwhile, layer and broiler prices are also up by Re 1 each from their last week levels.
NECC’s layer birds are ruling at Rs 37 while the Broiler Coordination Committee has hiked the prices to Rs 69/kg.
Broiler prices touched a record Rs 75 in April 2011.
gayathri.gururajan@thehindu.co.in
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.