SINGAPORE - The price of eggs in Singapore have risen slightly as the supply from Malaysia is being diverted to Hong Kong, the chairman of the Eggs Import/Export Trading Association Mr Tan Lau Huah has said.
Importers say prices have gone up by about 2 cents an egg, and Mr Tan foresees further increases.
Hong Kong's supply of eggs from China has been disrupted due to heavy rains that led to flooding, and Typhoon Soudelor, which hit Fujian province ove r the weekend.
"They (Malaysia) have been sending containers of eggs to Hong Kong," Mr Tan, who also owns Chuan Seng Huat Egg Store, told The Straits Times in Mandarin.
He thinks that the price may rise further as the farms in South China have been severely affected by the adverse weather.
Added to this is an increase in demand for chicken meat, resulting in there being less laying chickens in Malaysian farms, Mr Tan said.
According to one supplier, each tray of 30 eggs will now go for $5.10 instead of $4.50, Lianhe Wanbao reported on Monday.
But there are some retailers who will not raise prices yet.
"We will not raise prices for now, but I will monitor the price closely," Mr She, an egg seller at Tiong Bahru market told Wanbao.