Oversupply Eggs From Imports, 250,000 eggs Thrown Away
image via Joshua Lee
With the earlier egg prices rose in April due to shortage of supply and border restrictions which were imposed earlier due to Covid-19. Singapore government resolved it y sourcing the eggs from other countries such as Poland and South Korea.
However, with the oversupplies now, the egg price has plummeted down to at least two-cent each. This is due to some celebrations such as Hari Raya were canceled, so therefore the supply of eggs might be over than demand due to these cases. With some other businesses also, due to this pandemic. They choose to use fewer eggs due to less customer which somehow causes Kim Hock Egg Distributor mentioned that they have to throw away 250,000 eggs imported from Thailand two weeks ago and usually the eggs imported can be kept in the chilled warehouse for four to six months but the demand is slowing down which are causing the eggs important on May are still being sold at loss price.