Egg prices reach record highs

The farmgate prices of eggs in the major mandis across India were reported to have reached record highs due to increasing exports and input costs.

The prices in Namakkal reached Rs.5.65, Rs.6.06 in Mumbai and Rs.6.15 in Kolkata which was unusual. However, the prices are also analysed to vary with regard to its increase as price drop also has been noticed. In some mandis across the country, egg prices even dropped by 30 paise in spite of record price hikes.

Usually, from November to January the demand falls down especially in South Indian regions due to the Sabarimala season, but this time it has been offset due to increased demand for exports.

Around 4 crore eggs were demanded for exporting to the Gulf countries during the FIFA world cup as the major egg exporters like Ukraine and Turkey failed to fulfil the demands. This also had been a reason for the price rise in the local markets as its availability suddenly declined.