November 9, 2018
Thailand plans to export up to 60 million eggs in a bid to deal with oversupply that has led to a decline in egg price. Daily domestic demand is 40 million while production is 50 million. This has caused the price to fall to USD 0.06-0.07/unit. Vichai Pochanakit, Department of Internal Trade (DIT) Director General, said both short and long-term solutions were agreed by the Egg Board of Thailand, comprising the Livestock Department and egg retailers and exporters. Egg products will be exported to markets such as Hong Kong, Singapore and countries in the Middle East. DIT is seeking approval for USD 457,000 to support exporters for three months. After this, exporters will have to absorb the cost of export.