Tuesday, November 8, 2011

India egg prices rising on bad weather, production cuts

Egg prices are rising in India as the onset of winter, recent torrential rains and a cut in production has affected numbers across the country, according to reports.
Eggs currently stand at Rs 2.88 (US$0.06) a piece. During the same time in 2010, they climbed only slightly higher, to Rs 2.90 a piece.
Layer prices, on the other hand, have gone down, according to the National Egg Coordination Committee, to Rs 41 (US$0.83) per kilogram. Broiler prices are also expected to drop in coming days. “We want to increase the prices gradually," said an NECC spokesperson. "If we raise the prices, we may face consumer resistance and piling up of stocks."

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