Retailers have been reportedly selling eggs for as high as Rs 13 to Rs 15 a pair.

Rattled by the rising egg prices in Bengaluru They will be back to normal in 6 weeksRepresentational image
news Food Wednesday, November 22, 2017 - 18:33

In recent months, Bengalureans have had to pay exorbitant rates for their vegetables from time to time, due to a shortage of supply as a result of heavy rains.

Now, rising prices of eggs are hurting the pocket of the average city dweller.

Bangalore Mirror reported  that while eggs were being sold for a record price of Rs 5.40 per piece in the wholesale market, retailers were selling them for Rs 13 to Rs 15 a pair on Monday.

The week before this, eggs were being sold at Rs 10 to 11 a pair.

Speaking to TNM, Assistant Director of Karnataka Cooperative Poultry Federation Dr Mahesh said, “The steep increase in price is related to the seasonal factor as the price falls in winter and also a shift towards increased egg consumption. There is an increase in demand as people could not get vegetables at their expected cost. There is no shortage of production of eggs as of now in Karnataka. But overall in India, there is a drop in the production due to change of seasons which is affecting the price.”

He added, “This is just a temporary phase. In six weeks, the increase in price will be reversed.”

A similar appreciation of price has been seen in other major cities of the country, including the national capital Delhi.

Figures maintained by the National Egg Coordination Committee show that there has been a steep increase in average monthly prices in November as compared to October or any other month.

However, this is not something unusual as every year, the price of eggs is highest in the months of November and December. But a shortage in the production has also been observed.

On Monday, PTI reported that a fear among traders has led to low production of eggs.

“Egg prices have increased significantly as many poultry farms have reduced production for the current year because they did not get better rates last year,” Poultry Federation of India President Ramesh Katri told the news agency.

He added that the trend of higher-than-usual prices could continue for the coming months as production is expected to be lower by 25-30%. 

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