Eggs cost 20% more
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Eggs cost 20% more after four price hikes in past month
SINGAPORE: Egg prices have risen four times in the past month and eggs now cost 20 per cent more than a month ago.
The price hike is apparently due to a Singapore ban placed on Malaysian exporter Linggi Agriculture after its eggs were found to contain antibiotics.
The Singapore Agri-Food and Veterinary Authority (AVA) says this will not cause a shortage of eggs as Liggi Agriculture only has a 7.7 per cent market share in Singapore.
AVA urges importers to find other egg sources.
Importers Channel NewsAsia spoke to say even if they find other suppliers, securing AVA approval will still take one to two months.
Singapore imports 120 million eggs a month from Malaysian exporters.
Eggs suppliers say egg prices may continue to rise if the supply from Linggi Agriculture does not resume and alternative sources are not found and approved quickly.
They also urge Singaporeans not to stock up on eggs as this will affect their freshness and quality.
- CNA/yt