Egg price rises as Chinese Ghost Festival approaching

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BANGKOK, 20 August 2013 Farmers have called on consumers to understand their need to increase the prices of eggs, citing the rising demand during this period and the drop in current egg supply in the market as the main reasons. 

According to Board Member of the Association of Hen Egg farmers Kreetha Chuthapthim, the increasing egg price to 3.30 baht apiece is the result of rising consumption in the Chinese Ghost Festival, which falls on 21 August 2013. Demand for chicken meat is also on the rise as it is a popular offering in the festival. The decreasing egg production has been attributed to farmers’ losses accumulated since the 2011 drought and flooding, Mr Kreetha said.

Another reason that egg production has dropped is that hens are slaughtered sooner. He, however, said the situation was short-lived and the price would drop after the festival, especially during the Chinese Vegetarian Festival later this year.