Each egg now costs Rs 9 in Hyderabad as city sees unusual spike
Hyderabad, July 14 -- Egg prices in Hyderabad have climbed to Rs 8-9 apiece, an unusually high level for July, a month that typically sees subdued demand and softer prices, with poultry farmers attributing the spike to rising feed costs, disease-related losses and higher transportation expenses.
Industry representatives said egg prices normally firm up in winter, when demand rises, and the current spurt in the middle of the monsoon season has caught both consumers and traders off guard.
Feed costs push up production expenses
Hyderabad-based poultry farmer M Srinivas Reddy said a sharp rise in feed prices had significantly pushed up production costs. Soyabean prices have gone up from around Rs 35 to Rs 68 a kg, while maize prices have r...
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