Egg prices drop amid low demand, group says

The farmgate price of small eggs has gone down to as low as 4 pesos amid the dip in demand and increased supply, according to the Philippine Egg Board Association (PEBA).

“Ang farmgate price ngayon ng medium ay P5 to P6 at ang small ay P4 to P5, depende sa lugar ng farm," PEBA Chairman Gregorio San Diego said. 

"Dumami ng konti ang supply pero ang malaki nabawas ay ang perang pangbili ng mga tao, kaya lumalabas ay over supply," he added.

Based on the recent price monitoring of the Department of Agriculture, retail prices for medium-sized eggs range from 6.80 to 8.50 in some markets in Metro Manila.  

Egg wholesalers in Cavite St. in Blumenttrit, Manila reported up to 20 pesos decrease in price of eggs per tray. Medium sized eggs, meanwhile, are now being sold at 160 per tray, large size at 180, and extra large sizes at 210 per tray.

Egg wholesalers in Cavite St. in Blumenttrit, Manila have reported up to 20 pesos decrease in the price of eggs per tray. Medium-sized eggs, meanwhile, are now being sold at 160 per tray, large eggs at 180, and extra-large eggs at 210 per tray. —VAL, GMA Integrated News