Low offtake brings down poultry price in Tamil Nadu

Poultry producers in the state have lowered the selling price of egg and broiler this week due to higher output and slowdown in consumption.

The Namakkal-based zonal committee of the National Egg Coordination Committee (NECC), which pruned its weekly price by ten paise last week, has further reduced the price by another five paise to Rs 1.15 a piece on Thursday.

The current reduction in the wholesale rate has come in the wake of increased production and fall in offtake in the northern markets with the winter season getting over.

Sources told Business Standard that with egg shipment from the region keeping almost the same pace as it prevailed in the calendar year 2005, traders were not opting to build up stocks and hence favoured lowering of the price.

Similarly, live chicken prices too were lowered in the last week. The wholesale price has decreased to Rs 30 a kg from the Rs 35-36 price band a week ago.

"The lowering of prices may be attributed to an increase in production," said P Selvaraj, chairman, NECC, Namakkal zone.