March 25, 2013

India's egg price declines

Due to Oman's ban on egg imports from India and falling domestic consumption, India's egg price has declined to US$0.07/egg, way below production cost.

This is according to Ravi Kumar, Director of Ravi Poultry Farms.

The ban by Oman was due to be lifted in January, but has been extended. "For almost 10 months, farmers have had a price realisation of 10% below their actual cost of production. Last one month, it declined by 20%," said PV Senthil, Secretary of Livestock and Agri Farmers Trade Association.