High feed prices hit Taiwanese eggs

26-10-2007 | |
High feed prices hit Taiwanese eggs

The delivery price for eggs in Taiwan has increased with 30%, due mainly to sharp rise in chicken feed prices, according to the Council of Agriculture (COA).

Huang Ying-hao, director of the Animal Industry Department under the COA,
said that the international corn price has galloped all the way since the fourth
quarter of last year, causing the price of corn feed for chickens to keep
soaring. As a result, the production cost per catty of eggs has surged to a high
of NT$21 (US$0.647) to NT$23 (US$0.709) from NT$15 (US$0.462) posted late last
year.

On another front, the daily egg supply has decreased by 2,000 to
3,000 boxes (one box contains 200 eggs) due to seasonal factors. The result is
that the egg retail price has soared to NT$34 (US$1.048)per catty from NT$25
(US$0.770)seen two weeks ago. This translates to a hike of NT$1 for one egg,
plaguing many consumers and restaurants.

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