Egg Farmers Warn Price Cap Could Cause Shortage
Egg farmers "can't exclude" a supply shortage in the long term because of a price cap on eggs, the Hungarian Egg Producers Association said on Friday, according to a report by state news wire MTI.
The association voiced its opposition to the price cap, introduced a day earlier, because it applies to eggs of all sizes and in all forms of packaging, unlike price caps on milk, flour, and sugar which are valid only for a single type of product.
The association warned that retailers could buy fewer eggs because of the price cap, leading to capacity reductions among egg farmers. It added that Hungary is not self-sufficient with regard to egg production.
The association pressed for talks between egg farmers and the economic development and agriculture ministers and stressed the need for predictability in a sector that operates in longer timeframes.
Egg prices were rolled back to levels on September 30, resulting in a price reduction of around 25%.
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