Egg price rise dominates Myanmar social media

The story dominating Myanmar social media last week was the price of a single egg, which has climbed to nearly 700 kyat (about $0.33), a sevenfold rise since the 2021 military coup that has turned a household staple into a financial strain. Under the previous civilian government, an egg cost roughly 100 kyat. Industry sources attribute the latest surge to junta restrictions on importing breeding hens, poultry feed, and veterinary vaccines, part of efforts to conserve foreign currency, compounded by a global fuel price shock driving up transport and production costs nationwide. On Facebook, posts checking prices at neighbourhood shops confirm figures near 700 kyat in townships including Hakha and Kalay, with users noting the hike affects households regardless of political affiliation. A widely shared post has highlighted a scheme pressured by authorities offering eggs at a discounted 550 kyat (about $0.26) in Yangon, though commentators describe long queues and limited stock. Other posts point to rising livestock input costs as the driver. An explainer video on the price surge drew thousands of views within days. Recurring comments describe households shifting from meat and fish to eggs now cutting back further, note many who queue for the discounted price still go home empty-handed, and question why shop prices differ from official figures. The World Bank’s June Economic Monitor put Myanmar’s annual inflation at 24.6 percent in April, with food prices among the fastest-rising, as the economy remains strained by conflict, fuel costs, and currency pressures five years after the coup. The post Egg price rise dominates Myanmar social media appeared first on ENG.MIZZIMA.COM.