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Rise in egg price
๐Ÿ‡ณ๐Ÿ‡ต Nepal /Economy & Trade

Rise in egg price

From OnlineKhabar English · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • The price of eggs in Chitwan, Nepal, has increased by Rs 50 per crate for all sizes due to reduced production and higher demand.
  • Daily egg production has fallen from 4.5 million to about 2.8 million eggs because of bird flu outbreaks.
  • Despite the price increase, farmers are reportedly still not covering their costs and are seeking government relief.

Egg prices in Chitwan, Nepal, are on the rise, climbing by Rs 50 per crate for large, medium, and small eggs. This increase, effective immediately, brings the price of large eggs to Rs 500, medium to Rs 470, and small to Rs 415 per 30-egg crate. The surge is attributed to a combination of decreased production following bird flu outbreaks and a subsequent increase in consumer demand.

Prices have started to rise as the demand for eggs has increased.

โ€” Binod PokharelThe central president of the Nepal Layers Poultry Association explained the immediate reason for the price increase.

Binod Pokharel, central president of the Nepal Layers Poultry Association, explained that daily egg production has significantly dropped to approximately 2.8 million eggs, down from a previous average of 4.5 million, largely due to the impact of bird flu. This reduction in supply, coupled with rising demand, has driven the price up.

Daily egg production, which used to be around 4.5 million eggs, has dropped to about 2.8 million due to bird flu.

โ€” Binod PokharelPokharel detailed the impact of bird flu on the region's egg production.

Despite the recent price hike, many farmers are still struggling to recoup their expenses. Pokharel noted that the cost price for a crate of eggs is around Rs 573.60, meaning each egg costs approximately Rs 19.12 to produce. Farmers are hoping that the current price increase will eventually allow them to reach this cost price. They have suffered substantial losses due to bird flu and are appealing to the government for relief measures.

Even though the prices have gone up, farmers still havenโ€™t been able to get the cost price.

โ€” Binod PokharelThe association president highlighted the ongoing financial difficulties faced by farmers.
DistantNews Editorial

Originally published by OnlineKhabar English. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.