Thailand may suspend egg exports, freeze domestic prices
Country attempting to stabilize market after significant increase in prices
Thailand is considering a temporary ban on chicken egg exports coinciding with a freeze on domestic egg prices to help stabilize the market, according to government officials.
The ban, which could last up to six months if implemented, is a response to a recent drop in production and rising feed prices that have combined to significantly increase retail prices of eggs in the domestic market. Production has declined by 3 million eggs a day as a result of heavy floods that hit chicken farms in the southern part of Thailand, exacerbated by hot weather in other areas that caused poultry disease outbreaks resulting in layers' deaths, according to reports.
Thailand exports around 20 to 30 million eggs a month, according to the Hen-Egg Farmers, Traders and Exporters Association. Domestic consumption of eggs averages 25 million a day.