Bangkok: The Department of Internal Trade indicates that egg prices are stabilizing and is collaborating with suppliers to offer promotions to reduce the cost of living. The Department of Internal Trade has assessed that egg prices are stabilizing and there are no further factors causing them to rise. They confirm that production remains sufficient for domestic consumption and are collaborating with producers, wholesalers, and retailers to continuously organize sales promotion activities to help reduce the cost of living for the public.
According to Thai News Agency, Mr. Wittayakorn Maneenet, Director-General of the Department of Internal Trade, Ministry of Commerce, stated that a meeting was held to monitor the egg price situation with major producers, wholesalers, and retailers. This follows close monitoring since April, after producers were affected by increased production costs averaging approximately 15 satang per egg due to rising feed prices, energy costs, international conflicts, and erratic weather. Producers were requested to temporarily pass on costs to consumers, limiting it to no more than 10 satang per egg, while producers are expected to absorb a portion of the increased costs themselves.
However, production costs continue to rise, coupled with extremely hot and erratic weather during May and June, resulting in reduced hen productivity. Consequently, the recommended farm-gate price for mixed chicken eggs has been adjusted from 3.60 baht per egg to 3.80 baht per egg, effective July 6th.
Mr. Witiyakorn stated that currently, there is sufficient supply of chicken eggs to meet domestic demand, and no shortages have been observed. Producers estimate that there are no factors requiring price increases, as weather conditions are returning to normal and animal feed corn is gradually entering the market, leading to a downward trend in feed costs. This has resulted in stable egg production and prices, consistent with previous assessments that predicted a gradual decrease in egg prices during August if production and cost factors remain as anticipated.
The meeting also agreed that producers, wholesalers, and retailers should cooperate with the Department of Internal Trade to manage selling prices in line with costs, and gradually organize sales promotion activities through various distribution channels so that the public can purchase chicken eggs at a reasonable price and help alleviate the burden of living costs during a period when production costs remain high.
The Director-General of the Department of Internal Trade stated that the department will closely monitor the supply and price of chicken eggs at the farm level, wholesale, and retail. The department will continue to coordinate with producers and businesses to ensure sufficient supply, fair pricing that reflects appropriate costs for both producers and consumers, and that does not negatively impact the cost of living for the public.