Egg prices surge amid winter demand, export to countries like Bangladesh
Egg prices have surged by around 25 per cent in the Kolkata market, rising from Rs 6.5 to Rs 8 per piece within a fortnight, amid winter demand and recent exports to countries like Bangladesh, officials.
The poultry industry body, however, asserted that exports to Bangladesh are not the primary reason for the spike, since the country is not among India's traditional export markets.
The West Bengal Poultry Federation attributed the price hike to winter demand, rising poultry feed costs and exports to countries such as Bangladesh and Malaysia, which are new markets for India.
The export order for Bangladesh and Malaysia amounts to around 5 crore eggs for November and December.
"Egg prices have increased nationally, not just in West Bengal, due to inflation in feed prices. However, retail prices should not exceed Rs 7.5 per unit as the wholesale rate stands at Rs 6.7 per piece.
There is no crisis or shortage of eggs in the country," the Federation's general secretary Madan Mohan Maity told PTI.
Maity explained that input costs have risen by 30 per cent, with maize prices - a key poultry feed component - doubling from Rs 14 to Rs 28 per kg .While local traders said in winter egg prices tend to firm up but this season the jump is sharper.
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