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Egg prices may drop to record lows

Why are egg prices falling? Experts predict drops to 10 qepik in summer. Market analysis and forecasts.

Jack Scott
ByJack Scott- Senior Editor
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0

Egg prices have been falling recently, reversing the trend from a few months ago. Experts suggest further declines during summer.

Economist Khalid Karimli says the drop is due to oversupply, not weak demand. Hot weather also forces sellers to lower prices to avoid spoilage.

Association head Murvat Hasanli notes daily production of 6 million eggs versus consumption of 4 million. Prices could fall to 10-12 qepik per egg, but stabilize by September.

Experts warn that sharp declines may hurt producers, potentially leading to reduced supply and future price hikes.

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Egg prices may drop to record lows | Bond.az