Egg prices in Taiwan to rise again as shortage continues

Taipei, March 5 (CNA) The wholesale price of domestically-produced eggs will be raised by NT$3 to a new high of N$55 (US$1.80) per catty (600 grams), while the farm gate price of eggs will also rise by NT$3 to NT$45.5 per catty, starting Monday, an egg price review committee said Sunday. The price hikes, the second time within one month, were made due to an egg supply shortage, according to Chen Chin-ting (陳進丁), the chief executive of the committee formed by members of Taiwan's Poultry Association, which is composed of producers, processors, and sellers of poultry and eggs. Meanwhile, Chiang Wen-chuan (江文全), deputy head of the Council of Agriculture's (COA) Department of Animal Industry, told CNA that the price adjustments were made as egg suppliers told COA about inadequate supply and a significant increase in demand for eggs on the market. After the adjustments, the farm price of an egg will be increased by NT$0.3 on average but will still be below NT$5, Chiang noted, expecting ...