BANGKOK, 14 February 2013 The Ministry of Agriculture and Cooperatives is keen to extend the egg price stabilizing project until the end of this year, claiming the project has been very effective in solving an oversupply of eggs in the market.
Agriculture Minister Yukol Limlamthong revealed that egg situation in the market is now stabilizing. The price of mixed sized eggs sold at the farm is at 2.8 baht, while the production cost is around 2.71 baht per egg. Last year, the government allocated 126 million baht for the project.
Since the egg price stabilizing project is coming to an end in March, the government is now considering whether it should extend the time frame until year end.
The minister said he had assigned the Department of Livestock Development to take control of the number of laying hens, after finding that there was an oversupply of eggs in the market, which could result in a decline of egg prices in the future.