Falling egg prices prompts immediate action by the Egg Board

[webfact]

Falling egg prices prompts immediate action by the Egg Board



BANGKOK: -- Falling egg price is causing a new concern for authorities with the National Chicken and Chicken Product Development Board (Egg Board) says it will convene this week to find ways to solve the oversupply of eggs that has caused egg prices to go down.

Permanent Secretary for Commerce Chutima Bunyapraphasara said that the Egg Board under the Commerce Ministry and the Agriculture and Cooperative Ministry will convene this week to find way to assist egg chicken raisers, who are experiencing an overproduction of egg and suffering from falling egg prices.

She said the Commerce Ministry is also speeding up releasing eggs into the market to reduce the excess supply.

A total of 11 million eggs were released into the market over the past two weeks, she noted.

Meanwhile market survey showed prices of most consumer products and fresh foods remain appropriate.

Only prices of some fresh vegetables, lime in particular, have slightly gone up, she said.

Prices of lime now ranges from 5-7 baht on average while those premium lime ‘Jumbo Lime’ is sold at 10 baht on average, which is not to high compared with previous years, she said.

She attributed the slight increase in prices of some fresh vegetables to the ongoing drought problem in many areas, adding that the ministry will help local farmers adapt themselves to face the current drought.

Source: http://englishnews.thaipbs.or.th/falling-egg-prices-prompts-immediate-action-by-the-egg-board

-- Thai PBS 2015-03-18

[Anthony5]

She said the Commerce Ministry is also speeding up releasing eggs into the market to reduce the excess supply

Huh, increasing the supply to reduce the excess supply? That must be Thai economics 101.

[Costas2008]

I always admired Thai thinking and mentality.

If something doesn't sell......increase the price.

On the contrary if something sells well.......flood the market with the same product.

The world should learn from them.......................

[trogers]

She said the Commerce Ministry is also speeding up releasing eggs into the market to reduce the excess supply

Huh, increasing the supply to reduce the excess supply? That must be Thai economics 101.

Mistranslation? Over production is causing storage problem, and not excess supply.

Price of eggs in BKK has risen to 4-5 baht a piece. Supply is not reaching us fast enough.

[Laughing Gravy]

She said the Commerce Ministry is also speeding up releasing eggs into the market to reduce the excess supply

Huh, increasing the supply to reduce the excess supply? That must be Thai economics 101.

Priceless. They should put that in the Thainess advertising campaign. Less customers lets up the price. The Thai way. truly amazing

[SoilSpoil]

5 years ago you could buy 10 eggs for about 33 baht in Bangkok. Now you're lucky if you find them for less than 50.

[Anthony5]

5 years ago you could buy 10 eggs for about 33 baht in Bangkok. Now you're lucky if you find them for less than 50.

Big C pattaya, 10 eggs No 1 for 35 Baht for a few weeks already.

[berybert]

What a cracking story, full of eggcitement. But the yokes on you my friend. I am just glad they didn't chicken out and give us a cocked up report.

[JOC]

I always admired Thai thinking and mentality.

If something doesn't sell......increase the price.

On the contrary if something sells well.......flood the market with the same product.

The world should learn from them.......................

Not very unlike the veggie farmers in Europe.

One year the price of tomatoes is very high, next year everyone is growing for tomatoes, of course leading to a price collapse, and the farmers are lining up for handouts.

A shining exception is Greece, where they line up for handouts no matter what!!

[Lupatria]

I always admired Thai thinking and mentality.

If something doesn't sell......increase the price.

On the contrary if something sells well.......flood the market with the same product.

The world should learn from them.......................

Works already well in Greece

[Lupatria]

There's a simple solution: paint the eggs green and sell 'em as lime!

[marquisdesade]

I am the egg man , we are the egg board, I am the walrus ……….

[trogers]

There's a simple solution: paint the eggs green and sell 'em as lime!

Yup, we'll add one of these to your Somtam.

[Chao Lao Beach]

Do eggs store well in wharehouses like Thai rice does without rotting ?

Amazing Thai Products

[kannot]

I always admired Thai thinking and mentality.

If something doesn't sell......increase the price.

On the contrary if something sells well.......flood the market with the same product.

The world should learn from them.......................

yet strangely they havent, wonder why?

[SamuiRes]

10 for 40 Baht in Bophut, Koh Samui Freshmarket and has been for weeks.

[prakhonchai nick]

My wife sells them 10 for 30baht.............. laid while you wait!

[LuckyLew]

My wife sells them 10 for 30baht.............. laid while you wait!

How mush does getting laid while you wait cost?

[Smokemachine]

Just bought 10 for 30bahts.

[NextStationBangkok]

Amazing Thailand!

An Egg costs 3 Baht!

A Lemon costs 7 Baht!

Government should buy from formers and distribute to the schools as boiled eggs. This country has lot of potential, but don't know how to manage.

I hope general will not punish them eating boiled rice with omelet! Which already people are doing it!

Edited March 18, 2015 by NextStationBangkok

[DM07]

The Egg Board???

[dominique355]

Maybe they should stop the ban on eggs movies.

[maxisrael]

My wife sells them 10 for 30baht.............. laid while you wait!

My wife as well daily fresh eggs from our free range chickens weight up to 57 grams 2.5 baht, 58 to 64 gram 3 baht over 64 we sell for 3.5 baht.

Edited March 18, 2015 by maxisrael

[swissie]

I am the egg man , we are the egg board, I am the walrus ……….

Hilarious

. This will paint a smile on John Lennon's face, no matter where he is.

Cheers.

.

[BuaBS]

Bought 30 for 79B at big C last week . Mixed so not No1.
My cholestrol is peaking.
Feel ashamed that I bought them , aiding the chicken holocaust that is egg farming.
No sympathy for those egg "farmers". Hard to find eggs from free walking chickens.

[ezzra]

Give all the layers in Thailand a long Songkran vacation with pay, and order every household

to cook a giant omelet every morning,

[Frank Ban Phai]

My wife sell Dragon Eggs - find them here in the add

[whitemouse]

Egg board? Seems there is some office or a board for every single food item, I like how there is a board or some kind of gov entity for everything! This country is well regulated !!

[Srikcir]

This egg oversupply started 3 years ago, about the same time for rice and rubber oversupply.

No one is finding solutions to better match supply with demand of the agricultural industry. Instead the typical Thai government has been to resort to price fixing and subsidies, no matter whether it's the PTP, Democrats, or Juntas. The egg industry needs innovation to attract more consumers. For example, boxed egg whites would attract many people who are adversed to the chloresterol in whole eggs. New drinks like egg nog, naturally flavored hardboiled eggs such as chocolate and fruit flavors (not Cadbury!). Precooked egg salad.

[siampolee]

In a just released press statement Mr. Humpty Dumpty urged all egg producers to scramble and to get cracking and egg their families on in an attempt to forestall the falling off of the wall of egg prices that may well cause damage that cannot be repaired to the position of the egg producers . and Mr. Humpty Dumpty,

Mr.Humpty Dunpty also exhorted his fellow layers of members from the top to the bottom level,'' to be strong my fellows and do not lay down on the job and chicken out.'' ,

The army is we are told standing by to attempt to repair any shell damage that may occur..

Edited March 18, 2015 by metisdead