Price of eggs surge in city as demand spurts
Last year in November alone the eggs prices surged to Rs 100 per dozen after the vegetable prices recorded an increase.
Even a hint of the onset of winter is enough to bring a surge in the egg prices in the city. The egg price in the retail market has increased from Rs 5 to Rs 6 per piece after Diwali. Last year in November alone the eggs prices surged to Rs 100 per dozen after the vegetable prices recorded an increase.
Egg is a perishable product and its price varies every day as per the demand and supply cycle. In October, eggs were being sold in the wholesale market for Rs 413 for per 100 pieces.
Now the price has risen to Rs. 467 per 100 pieces. It reflects on the retail market also. Customers have to shell out Rs 10 more for a dozen as the price has risen Rs 60 to Rs 70 per dozen.
Rajendra Bhosale, Executive member of the National Egg Coordination Committee said, "This trend can be seen in every year. Eggs consumption increases throughout the state after Dasara and Diwali. Even the production is low in winter. So eggs become costlier as demand increases and supply decreases." As per NECC, normal egg consumption is 75 lakh to 80 lakhs per day in Mumbai, but in winter it goes up to 90 to 95 lakhs.
Last year, in November, eggs prices surged to Rs 582 for 100 pieces in the wholesale market and people had to pay Rs 100 per dozen in retail.