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Egg prices hit record highs in Myanmar as shortages disrupt sales
Rising input costs and artificially low retail prices set by the regime have prompted some poultry farmers to scale back production. This has led to a shortage of eggs across Myanmar, with prices reaching record highs an
Rising input costs and artificially low retail prices set by the regime have prompted some poultry farmers to scale back production. This has led to a shortage of eggs across Myanmar, with prices reaching record highs and making it difficult for many consumers to obtain them. In Yangon, Myanmar's largest city, eggs that were previously sold for 300 to 400 kyats (approximately $0.15 to $0.20) each are now fetching over 600 kyats ($0.30) each, marking the highest prices seen in months. Some poultry farmers have stated that the rising cost of feed and the regime's control over retail prices are squeezing their profits. They have found it difficult to continue production, with some scaling back or going out of business. The egg shortage has had a significant impact on Myanmar's food market. Eggs are an important source of protein for many households, and the surge in prices is placing a considerable burden on family budgets.
Original source
Myanmar Now