Increase in egg supply from Malaysia leads to sunny side in Singapore prices

An increase in the supply of eggs from Malaysia has led to a recent drop in prices here. -- ST FILE PHOTO
An increase in the supply of eggs from Malaysia has led to a recent drop in prices here. -- ST FILE PHOTO

SINGAPORE- There is a sunny side to the current prices of eggs.

Chinese evening newspaper Shin Min Daily News reported on Monday that the prices of eggs in Singapore have dropped recently, compared to the beginning of the year.

A tray of 30 eggs that used to cost about $6 now costs about $4, it reported.

It added that the reason for the drop is the increase in supply of eggs from Malaysia.

The article said that a suspension on three egg farms that had a Salmonella scare in October 2014 has been lifted. Also, other farms have also become more productive.

The article quoted the Eggs' Import/Export Trading Association here as saying that current prices are at their lowest as Malaysian farmers are selling the eggs at a loss, but that prices may rise in a few months' time.

jalmsab@sph.com.sg