Wholesale price of eggs has hit a record high of Rs 5.25 per piece in Namakkal, resulting in a sharp spike of retail prices across Tamil Nadu.
Customers were shelling out anywhere between Rs 7 and Rs 8 per egg in retail markets on Sunday. If egg prices continue to remain high, hotels and bakeries are also expected to spike prices of egg-based products.
The poultry industry in the State, which was among the first sectors to be hit by the Covid-19 pandemic much before the lockdown due to rumours, is now on the comeback trail.
From where sales and prices had dipped to an all-time low, the sector has now got a boost with many consuming chicken and eggs to improve immunity.
Last week, each egg was sold at Rs.6 to Rs. 6.25 in the retail market, an increase of Re. 1 to Rs. 1.50 when compared to previous months. There was a difference of Re. 1 per egg between wholesale and retail market.
In the wholesale market, the prices were Rs. 130 for 24 eggs and Rs.60 to Rs. 65 per dozen. In the retail market, eggs were sold between Rs. 6 and Rs. 6.25 per egg.
Namakkal Zone Egg Producers Association President K Mohan said, “Since the beginning of the lockdown, the consumption of egg had decreased due to COVID-19 fear.”
Tamil Nadu Egg Poultry Marketing Society President Vangli Subramanian said, “Due to the lockdown, the farmers are unable to transport eggs to other States.”