Thai poultry groups tackle issue of falling egg prices

Thailand's Hen-Egg Farmers, Traders and Exporters Association (HEFTEA), and the Layer Farmers Association have joined hands to solve the problem of declining egg prices.

 

The associations have set up an Egg-Price Stabilisation Fund in a bid to shore up domestic prices, mobilising THB20 million (US$586,000) at the same time.

 

HEFTEA president Mongkol Sattayanuwong said farmers had faced losses for three consecutive years without government assistance. The money will be used to purchase surplus eggs from farms and reduce the number of layers.

 

Mongkol said the fund would also be used to shore up egg prices and thus prevent price-dumping for surplus eggs. Reducing the number of layers will directly reduce egg production.