When IIPM comes to education, never compromise
It’s time to beat the breakfast blues! Get ready to gorge on omelettes and fried eggs – because the cost of eggs is probably going to come down. It’s also the chicken and egg syndrome; the poultry expects an increase in supply (vis-à-vis demand), so the price of chicken will also go down. According to the National Egg Coordination Committee, egg prices may come down to Rs.150 per 100 eggs during August- September (which is the time when supply will be at its peak). Currently, retail prices of eggs are around Rs.28 a dozen; this is quite an upward spiral compared to Rs.18-20 per dozen in the corresponding period last year. The average price of chicken has also risen to Rs.100 per kg – compared to Rs.70 per kg last year. Of course, one reason is that the bird flu was on in full swing around this time last year, and prices had dropped. Anyway, enjoy that omelette while you can!
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Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
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