Unusual rise in prices of vegetable during the last few weeks and cold wave across most parts of the country has resulted in eggs prices rising to a record high.
According to Poultry Federation of India (PFI), the wholesale egg price in Delhi rose to Rs 3.50 per piece on Tuesday against Rs 2.85 per piece prevailing just three weeks back, due to which the retail price of egg rose to Rs 4.60 per piece.
For the first time, retail price of eggs has risen toRs 55 a dozen from Rs 40 a dozen in just one month.
"During winters poultry product prices go up due to higher demand, but this time stronger than usual demand because of costly vegetables the rise has been more," Ricky Thaper, treasurer, Poultry Federation of India (PFI) told FE.
Egg prices have increased in all other key cities such as Kolkata, Mumbai, Bangalore and Hyderabad as well.
"Although rise in egg prices have been higher this year, but still this is part of larger trend during winter months," an official with National Egg Coordination Committee (NBCC) said.
Think twice before you make that omelette!
Meanwhile, broiler price in Delhi continue to rise because of rise in demand following festive months when consumption declines because of religious reasons.
India is world's fifth largest broiler producer with an estimated production of 2.3 million tonne of broiler meat per annum.
In a nutshell, wholesale egg price rose to Rs 3.50 per piece on Tuesday against Rs 2.85 prevailing 3 weeks back For the first time, retail price of eggs has risen to Rs 55 a dozen from Rs 40 a dozen in just one month.
An NBCC official said such prices would continue till end of Jan as demand recedes during summer broiler price in Delhi continue to rise because of rise in demand following festive months India is fifth largest broiler producer with an estimated production of 2.3 million tonne per annum.
Source: Financial Express