November 6, 2013

Egg association urges Thai government not to intervene in egg market

As prices of eggs are already at the rates they are supposed to be, the government of Thailand has been urged not to intervene in the egg market.

Due to the increasing demand, the Layer Farmer Association said the current prices of eggs have slightly gone up, adding that the average price of eggs in the market was THB3.2/egg (US$0.10) whereas production cost was THB3 (US0.096). The association forecast that the average price would go up to THB3.4 (US$11) at the end of 2013, which he said was acceptable for both the producers and the consumers.

According to the association, the current average price of eggs is considerably low when compared to other protein-rich products, adding that the market mechanism will kick in when the price is adjusted up, while urging the Commerce Ministry not to intervene as the move could ruin the market system.