Senior vice president of Betagro Group, one of Thailand's leading agribusiness companies, Wasit Taepaisitphongse, has approved the government's three measures to solve the soaring egg price problem that were proposed in yesterday's weekly Cabinet meeting.
The proposed solutions are to prolong hens' egg-laying cycle, temporarily suspend egg export and distribute breeder hens to farmers nationwide.
The proposed solutions are intended to normalize the egg supplies after a rise in animal feed prices that subsequently affected chicken egg prices.
Also, a policy was proposed to grant a 60-day period for lawmakers to reconsider the structure of the Egg Board.
The move may cause egg prices to fluctuate, but they are expected to eventually normalize, most likely within the next two to three months.
The Betagro Group is one of the nine private enterprises permitted to import breeder hens this year.
Out of a total of around 400,000 hens, about 60,000 breeder hens were imported by Betagro, while the rest were from other agribusiness enterprises, such as Charoen Pokphand Group and Laemthong Farm.
By: TAN network.
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