Egg prices have reached a new record of Rs 3.33 (US$0.06) each in the southern Indian state of Tamil Nadu on a rise in demand following the onset of the South-West monsoon season, according to reports.
Prices are expected to go up even further, said P Selvaraj, chairman of the National Egg Coordination Committee, due to a ban on fishing in the neighboring state of Kerala. “Of our average production of 2.75 crore (27.5 million) eggs, we used to send 30 lakh (3 million) eggs to Kerala," said Selvaraj. "Now, it has almost doubled."
The rising cost of soymeal is another factor in the rising cost of eggs. Soymeal at Indore, in the state of Madhya Pradesh, was Rs 33,330–33,600 (US$588.25–$593.01) on June 28 compared to Rs 17,300–17,400 (US$305.33–$307.10) during the same time in 2011.
Overall, wholesale egg prices in Tamil Nadu have been raised 15 times since May 28, according to Selvaraj.