India egg prices decreased to raise consumption
Decline continues in wake of March 27 Oman import ban
India's National Egg Coordination Committee in the Namakkal zone has effected a 15-paise cut in egg prices, from the already decreased April 2–6 price of Rs 2.30 (US$0.04) per egg, to encourage domestic consumption and to normalize an overflow of stock resulting from an Oman-imposed ban on the import of poultry products from the country.
Oman imports one-third of India's poultry exports, and the industry has resorted to price slashing to avoid building up inventories over the summer. Namakkal accounts for nearly 95 percent of India's egg exports. A drop in egg prices is not entirely unexpected approaching the summer months, as an increase in temperature usually results in decreased consumption in the country, according to P. Selvaraj, chairman of the National Egg Coordination Committee.