TAIPEI (TVBS News) — The Taipei City Egg Merchants Association announced on Tuesday (April 23) that egg prices will drop NT$2 per 600g due to the low summer demand.
The association's executive director, Liu Wei-chih, said the farm price will drop to NT$37.5 per catty from NT$39.5. Additionally, on Thursday, the trading price would drop from NT$49 to NT$47 per catty.
Liu explained that consumers' willingness to purchase has been suppressed by the heat and concerns about food safety, which has resulted in slow sales of eggs and potential stockpiling.
The director expected demand to increase as Mother's Day approaches, and said that dining out or buying cakes for celebrations would contribute to increased egg sales. However, Liu emphasized that the current egg supply is sufficient, and price fluctuations are based on market mechanisms.