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STC assures people that eggs will be sold at between Rs. 42 and Rs. 45
View(s):- High demand due to festive season; bakery owners buying most of the stocks
According to the Trade Minister consumers can expect egg prices to come down. Pix by Eshan Fernando
By Nathara Abeywickrema
About one million eggs a day will be released to Lanka Sathosa outlets from the remaining stocks of eggs which were shipped in during the past few months, State Trade Corporation (STC) Chairman Asiri Walisundara said.
Importing eggs from India was to stop on December 31, but due to market shortages and rising prices, it would take place until April 30 next year, he said.
With the festive season, the price of eggs has now increased abruptly owing to the Government’s decision to discontinue imports. Eggs which were sold at between Rs. 42 and Rs. 45, now stood at nearly Rs. 65, Mr. Walisundara said.
“The egg shortage typically occurs during festive seasons,” he said.
The mechanism to import eggs would allow consumers to see a drop in egg
prices to between Rs. 35 and Rs. 40 soon,
he added.
Meanwhile, Trade, Commerce and Food Security Minister Nalin Fernando said the State Trading Corporation had granted permission to import eggs until April 2024.
He said importing eggs was a response to the unjustifiable rise in the cost of eggs in the local market. Minister Fernando said the Government would continue to import eggs if local egg producers failed to reduce the prices.
The decision came after egg producers told the Minister that eggs could not be sold below Rs. 55 until the end of Christmas.
The bakery industry collecting stocks of eggs for the season has led to a shortage of eggs, leading to an increase in prices, egg suppliers said.
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