Egg prices in the local market have been increased despite the festive season being just around the corner.
Although the price of an white egg was around Rs. 40 – 42 in the last week of November, it rose to Rs. 44 – 46 last week before increasing again to Rs. 55 – 60.
The price of a white egg and brown egg at the Narahenpita Economic Centre is priced at Rs. 50 and Rs. 52 respectively.
It is speculated that the prices will continue to spike, resulting in the price hike of bakery and confectionary products.
Experts in the field allege that Trade Minister – Nalin Fernando’s short sighted decisions are to be blamed for his.
The minister had recently halted egg imports from India, stating that the local egg industry has been stabilized.
However, experts say that the minister had initially imported eggs when the demand was low and had left the local market to depend entirely on the local market when the demand was at its peak, to secure another future chance to import eggs from India.
