The Russian Ministry of Agriculture said that it does not expect a shortage of chicken eggs on the domestic market. The opposite was previously reported by the Vedomosti newspaper with reference to market participants.
“The Russian Ministry of Agriculture assesses the current situation in the poultry market as stable and comfortable for further increasing production volumes and does not expect a shortage of eggs in the domestic market,” the statement says (quoted by TASS).
The agency recognizes “active” growth in producer prices at the beginning of the year. However, “thanks to a package of measures to support the poultry industry,” prices have “dropped significantly over the past few weeks,” the Agriculture Ministry said in a statement.
As of May 26, the cost of eggs of the first category for the month decreased by 19.5%, the second category – by 10.9%. The department explained the decrease by the slowdown in the growth of feed prices and a seasonal factor, and also reminded of the state support for poultry farmers.
Earlier, producers of chicken eggs asked the Ministry of Industry and Trade to solve the problem with a “critical decline” in purchasing prices for their products. They argue that purchasing prices have dropped below cost of production amid seasonal declines in post-Easter demand and rising costs.
For more information about supporting poultry farmers, see the article by Kommersant “Broilers are not informed about limits”.