September 3, 2013

India's poultry farmers and egg exporters are taking advantage of the depreciating rupee value against the US dollar as they anticipate better prices.

According to industry sources, buyers stand to benefit as they are able to buy eggs at a low price, since Indian exporters are quoting lesser than their competitors in other countries.

Monthly egg export slumped to its record low in 15 years in June 2013, with a mere nine containers being exported. It recovered to 30 containers in July after Oman started importing eggs from India after a gap of eight months.

"This month, export has increased steadily as we are able to quote a better price in dollar compared to our competitors. Despite a lesser price, we are able to reap good profits as the average value of rupees is US$0.96 this month compared to US$0.90 in July," said R. Kannan, general manager of a firm that accounts for more than 50% of the egg exports.