Egg prices decline as festive season begins

 

 

With the commencement of the festive season the overall demand of eggs have fallen significantly in the market. As a result the egg prices cool down in the wholesale market. The egg prices have declined by 50 paisa to Rs 4.5 per piece as compared to Rs 5 per piece last month in the wholesale market. “The egg prices have declined due to weak demand which is associated the start of the festive season. This is the general trend which occurs every year except in rare cases like the COVID-19 crisis which saw prices rising due to greater demand and awareness about the immunity booster benefits inherent in eggs,” said Moiz Burhani of Vidarbha Eggs, Mahatma Phule Wholesale Market while speaking to The Hitavada.

 

Burhani further said, “Currently the month of Shravan is underway and as a tradition a lot of people avoid eating eggs during this time”. “It is expected that the egg prices could fall further over the next two to three months. In retail, eggs are available at Rs 6 per piece,” he pointed out. The average per day consumption of eggs is about 10 lakh to 12 lakh per day in the city. It is expected that the consumption would reach a level of 14 lakh to 15 lakh eggs per day during the winter season, he pointed out. On a daily average about 15 lakh to 16 lakh eggs are unloaded in the wholesale market. About 10 lakh to 12 lakh eggs are consumed within the city itself while the remaining eggs are sent to nearby locations like Katol, Kuhi, Umrer, Bhandara, Wardha and Chandrapur. The wholesale egg market caters not only Nagpur district but also Chhindwara, Saoner and other towns, Burhani added.