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Agricultural Development Bank of China
InfoQuest

Egg price continues to rise after OAE takes measures to balance production

July 12, 2019


Abstract : Head of Thai Office of Agricultural Economics (OAE) of the Ministry of Agriculture and Cooperatives, said that the past three months saw continued rise of egg price, which was higher than production cost.

InfoQuest (July 11, 2019) -- Mr. Chanthanon Wankajorn, deputy secretary-general of Thai Office of Agricultural Economics (OAE) of the Ministry of Agriculture and Cooperatives, said that the past three months saw continued rise of egg price, which was higher than production cost. In April, the average price for each egg was 2.64 baht; in May, the price was 2.74 baht; in June, the price was 2.80 baht; in the first week of July 2019, the price was 2.83 baht. The average economic cost (including cash and non-cash costs) of each egg was 2.62 baht.

The Department of Livestock Development estimated that in 2019, Thailand will produce 14.81 billion eggs, decreasing 8 percent compared with that in 2018. The Ministry of Agriculture and Cooperatives and Egg Board passed measures to balance supply and demand in domestic market, so as to stabilize egg price. One measure was to reduce the number of grand parent stock to be imported in 2019 into 3,800, the number of breeding hens to be imported into 460,000, and the number of cage layers into about 50 million each day or 40 million eggs each day. All these measures have been well received among private sector, practitioners, and chicken farmers. They will work to control the egg producing period of layers into 78 weeks to ensure a balanced system. Besides, Thai Office of Agricultural Economics has made greater efforts in publicity, aiming to increase the consumption of eggs and realize the goal of 300 eggs/person/year.

Meanwhile, Thai Office of Agricultural Economics has also taken measures to boost egg export and reduce excess capacity. In January-May 2019, 167.65 million eggs were purchased and exported, a year-on-year increase of 65.64 percent.

Since the oversupply of eggs in domestic market in 2018, the government has taken measures to balance egg production while considering market demand. By cooperating with private sector, the government has reduced the import of grand parent stock and breeding hens, exported surplus eggs, and reduced the number of cage layers, so as to ensure a balance in the number of layers in the system.

In the future, Thai Office of Agricultural Economics will release new measures to ensure the stability of egg price. If the number of grand parent stock and breeding hens can be controlled, suitable and fair measures can be taken, the number of chicken raised and week age of layers can be controlled, egg consumption is encouraged, direct link between egg farmers and purchasers is enhanced, production is guided by market to ensure production and demand balance, then egg price will be prevented from dropping, and realize sustained rise. To ensure sustained benefits of all parties in egg industrial chain, the government, private sector, and egg farmers should cooperate with each other seriously.

Source: InfoQuest, by Nisarat Wichiensri / Rachada, translated by Xinhua Silk Road

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