Egg prices in Tamil Nadu have surged to a new high as the National Egg Coordination Committee (NECC) raised the procurement price by 5 paise to a record Rs 6.55 per egg. This increase is driven by strong consumer demand, rising poultry feed costs, and export-related pressures. Retailers are warning that consumer prices may continue to rise in the coming days.
Industry sources note that this new procurement price is the highest ever set by the NECC. Retail prices have already been adjusted, with eggs now selling at around Rs 8 each in most outlets across the state. Traders suggest that consumers might face even higher prices if production costs keep increasing and demand remains robust.
The poultry industry attributes this price hike to various factors, including steady demand in domestic and institutional markets, along with increased production costs due to rising prices of poultry feed ingredients like maize and soybean meal. Export-related issues and the West Asia conflict have also contributed to cost volatility, affecting supply chains and production expenses.
Tamil Nadu, a major egg-producing state in India, particularly in Namakkal, the largest egg production and export hub in the country, often influences market trends in other regions. While the 5 paise increase per egg may seem small, poultry farmers believe it is necessary to offset rising input costs. Consumers are likely to bear the impact as retailers pass on the higher procurement rates.
Traders anticipate that egg prices may remain high in the near future due to sustained demand and stable feed prices unless there are significant improvements in raw material availability or production costs.
