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Egg prices jump 40% to Rs 7.5 a piece on tight supply, low production

Prices are up from Rs 4-5 last year as poultry farms reduced production for 2017 because they did not get better rates last year

Press Trust of India  |  New Delhi 

eggs
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have jumped by up to 40 per cent to Rs 7-7.50 per piece in retail markets in most parts of the country, hit by tight supply, Poultry Federation of India President Ramesh Katri said on Monday.

The upward trend would continue in coming months as is likely to be lower by 25-30 per cent this year, he said.



"have increased significantly as many have reduced production for the current year because they did not get better rates last year," Katri told PTI.

In 2016-17, at the farm gate level (wholesale) were ruling below Rs 4 per piece in view of higher domestic output while the cost of production had stood at Rs 3.50 per piece, he said.

Due to the losses last year, apprehensive of getting lower rates again and fear of animal welfare activists, many have cut down their production and some have shut their poultry farms, he explained.

in retail markets in the national capital are ruling at Rs 7-7.50 per piece, up from Rs 4-5 last year, according to trade data.

A similar situation prevails in other cities as well across the country.

was around 83 billion in 2015-16 and it remained higher in 2016-17 as well, the data showed.

First Published: Mon, November 20 2017. 13:19 IST
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