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Rising egg prices in 'reasonable range': agriculture council

Rising egg prices in 'reasonable range': agriculture council

Taipei, July 28 (CNA) The Council of Agriculture said Monday that despite surging over the past month, egg prices are "still within a reasonable range," meaning it will not take immediate action to control prices. Daily egg supply has dropped some 3.5 percent, or 600,000 eggs, since late June, causing prices to climb, the council said in a statement. The farm price of eggs has risen to NT$34.5 (US$1.15) per 600 grams as of Monday from NT$25.5 at the beginning of this month, the statement said. The council noted, however, that the wholesale price ranges between NT$32 and NT$42 for 600 grams, which is consistent with the the average price of NT$38 during the first five months of this year. That means the prices are "reasonably fluctuating, reflecting supply and demand" due to the fall in production, it said. "Still, we will closely watch the future development of egg production and prices," it said, adding that it has asked egg farmers to keep their farms cool and get more chickens to help stabilize production. (By James Lee)


Updated : 2021-08-01 10:39 GMT+08:00