Egg price rally continues on high feed price

The prices of chicken eggs and duck eggs have been increasing significantly starting from May 2022, the market’s data indicated.
In the first week of May, the prices stood at K150-K170 a chicken egg and K180-K200 a duck egg. In the last week of May, the prices rose to K180-K220 per chicken egg and K200-K250 per duck egg.
The high feed price, low production due to the hot weather, and skyrocketing transport fares are the contributing factors to the price hike, according to the Bago Region Department of Consumer Affairs.
In June and July 2021, the prices of poultry meat and egg dramatically jumped as the demand grew amid the COVID-19 cases spiking in the country, said the buyers from Dagon Myothit (North) Township.
The prices of eggs rose from K130 to K220 per piece, while chicken prices surged to K12,000 per viss then.
Livestock and poultry production in Myanmar have been growing 10-15 per cent annually. Most breeders are using traditional methods and some have shifted to modern methods. Moreover, integrated poultry and fish farming is widely seen in Myanmar
According to the Myanmar Livestock Federation, there are 1.35 million broilers being raised for meat, about 1.465 million semi-broilers, and more than 2.9 million layers for eggs at integrated poultry and fish farms.
Additionally, the local producers are now also facing pressure from foreign investors entering the sector. Local poultry breeding is mostly carried out on a small scale by farmers, but now investments from China, Thailand and India have entered the sector. This being so, the local breeders need to shift to modern breeding methods and increase the production rate to keep up with the foreign investors. — KK/GNLM