Weekly Product Updates

W39: Chicken Egg

Chicken Egg
Dairy
Bangladesh
Food Safety & Quality
Brazil
Market & Price Trends
Published Oct 6, 2023
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In W39 in the chicken-egg landscape, egg prices in Bangladesh have significantly increased over the past few months. The Bangladesh Poultry Association (BPA) is advocating for the importation of poultry chicks and feed to address this issue, as government measures like price controls and allowing 1 million egg imports have been ineffective and detrimental to poultry farmers. Moreover, the BPA president emphasizes the need to halt egg imports and reduce the production cost of eggs. In W39, the retail price of chicken eggs in Dhaka stood at USD 0.11 and higher, exceeding the government's fixed price of USD 0.11/egg. There are concerns that if poultry farmers reduce production, egg prices could rise to USD 0.018/egg. Egg production costs in Bangladesh are currently high, ranging from USD 0.090 to 0.099 per egg, with chick prices at USD 0.32.

Taiwan's Deputy Minister of Agriculture explained that the decision not to import eggs from China is due to China's use of bird flu vaccines, a practice uncommon in most countries worldwide. The National Defense Inspection Agency of Taiwan rejected these eggs because of doubts about their effectiveness in controlling the epidemic and concerns about increased disease risks. Taiwan traditionally does not use avian influenza vaccines. Bird flu prevention experts also pointed out that while vaccines can reduce chicken deaths and symptoms, they cannot entirely prevent chicken infections with bird flu.

As of the week of September 20, China's national egg-feed price ratio decreased by 0.91% month-on-month (MoM) to 3.26. Based on current costs, the future profit from laying hen breeding is estimated at USD 9.50. Although egg prices initially rose in W38, market sales slowed down. However, low inventories and Mid-Autumn Festival demand supported prices, resulting in stabilization. In W40, egg supply is expected to remain stable, but demand may fluctuate due to the holiday effect, potentially causing egg prices to decline and reducing profits from layer farming.

The ongoing bird flu outbreak in South Africa is the most severe in history, resulting in the culling of over 5 million commercial laying hens and more than 2.5 million broiler chickens. According to South Africa's largest chicken producer, the consequences of this outbreak will impact the country's poultry industry in the coming months, potentially leading to shortages of chicken and eggs. South Africa is reportedly planning to acquire two avian influenza vaccines from the European Union (EU) in the near future.

Lastly, the National Agrarian Health Service (Senasa) of Peru approved health requirements for importing fertile chicken eggs and newborn chicks from Brazil. These imports will require a health export certificate from Brazil's official animal health authority, confirming compliance with specified requirements.

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