PUNE: Prices of eggs in Mumbai, a key consuming city, on Monday hit a one-year low of Rs 335 for 100, because of rise in temperatures across the country, hence the fall in demand, traders said. In summer, the demand for eggs and other poultry products decline as much as 30-40%, which weighs on prices.
In Pune, another major consumer, eggs were sold at a one-year low of 325 rupees per 100 pieces, according to data on the National Egg Coordination Committee's website. The seasonal demand for eggs and poultry products has ended and now, rising temperatures have restricted demand, said Udhav Ahire, owner of the Nashik-based Anand Agro.
In the coming days, a further rise in temperatures is likely to have a pronounced impact on demand and, consequently, prices, traders said.