Reported over 1 year ago
The price of eggs continues to fall in Taiwan due to oversupply, leading to near three-year low prices at both production and wholesale levels. To stabilize egg prices, the Ministry of Agriculture and the National Chicken Farmers' Association will launch a 'Elimination Plan for Low-Yield Egg-Laying Hens', offering a subsidy of 20 NT dollars per hen eliminated with a plan to eliminate 1.8 million hens. Ministry of Agriculture Chen Chun-Chi stated that they will work with feed suppliers to lower costs for egg farmers. The government has extended the tax reduction on egg-laying hen feed and aims to adjust prices further in collaboration with feed suppliers to assist egg farmers in reducing production costs amidst the fluctuating market demand and oversupply. Chen also mentioned that there are concerns over recent public auctions of imported processed liquid and pickled eggs by the Taiwan Livestock Research Institute, triggering discontent among egg farmers. Chen Chun-Chi hopes to maintain a balance between supply and demand in the local market without affecting the elimination plan for old hens, emphasizing the need for alignment between market prices and production volume to achieve equilibrium.
Source: YAHOO