Egg association: egg prices are too low

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In a statement sent to MTI on Monday, the Association of Hungarian Egg Hybrid Breeders and Egg Producers wrote that since production costs cannot be expected to decrease, price increases will be necessary on the egg market from autumn. This can also be justified by the fact that the producers have to purchase or reserve a large part of their feed needs in the next period, the purchase and financing costs of which may increase significantly due to the increase in crop prices due to extreme weather, they added. According to the association, the situation of egg producers is worsened by the fact that despite the fact that the government recently repealed the decrees that regulated the behavior of traders related to supply and pricing, consumer egg prices have not increased. Thus, the situation arose that with the reduction of producer prices, the profits of the traders are actually paid by the livestock keepers – the association opined. Based on the experience of recent years, significant fluctuations in prices are clearly harmful to the domestic egg sector. Therefore, the interests of all sector players would be served if long-term agreements were reached between producers and traders that would create price stability instead of fluctuations and guarantee the balance of domestic production on the egg market – they concluded.

MTI