... n ur customers continue 2 eat oyster omelettes wifout oysters ...
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Chitchat Egg Shortage Coming! Lol :D
- Thread starter AhMeng
- Start date
Egg prices soar in Singapore as Malaysia looks to limit exports
PHOTO: The Straits Times file
CHERYL TEH
THE STRAITS TIMES
Dec 13, 2018
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Madam X.Y. Loh, 56, runs a small bakery in Jurong, making a variety of cakes, buns and pastries as well as other goodies.
She uses more than 100 eggs daily and they cost slightly over $300 a month earlier this year. But this has doubled and she expects to shell out more than $600 a month by the end of this month.
"I never would have thought that eggs could get this expensive," Madam Loh said. "I might have to raise my prices soon."
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The cost of eggs, particularly during festive seasons, can make a real dent in the total earnings of small businesses like hers, she said.
And there is likely to be no respite from the price increases for eggs any time soon, with a major supplier to Singapore warning that exports may be restricted.
On Monday, Malaysia's Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail said that the country was looking into limiting, or stopping, the export of eggs. He said that the move was to ensure a sufficient supply for the domestic market.
READ ALSO
Hong Kong suspends imports of chicken, eggs from Sabah after bird flu outbreak
"We will study if stopping the export is reasonable or not, even if it is for a short term. If it helps to reduce the price of eggs and benefit the people, we will definitely look into it," the minister was quoted as saying by the New Straits Times daily.
He said there was a change in the average price of chicken eggs between mid-last month and this month, when it rose consistently every week in the retail market.
Mr Saifuddin said that residents in Penang, Sarawak and Putrajaya had complained about alleged cartel activity among egg suppliers, which had caused prices to rise in the middle of last month.
He also said checks had been carried out nationwide at the production, distribution and wholesale stages to find out the cause of the price hike.
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"If the traders are purposely increasing the price of eggs in order to make exorbitant profits, the ministry will not hesitate to take action under the Price Control and Anti-Profiteering Act 2011," he added.
Local egg farms, such as Seng Choon Farm and Chew's Agriculture, supply 26 per cent of the eggs consumed in Singapore. The rest, or 74 per cent, is imported, and Malaysian farms remain a key source of supplies.
The average Singaporean eats 308 eggs a year, statistics from the Agri-Food and Veterinary Authority showed last year.
Chinese newspaper Shin Min Daily News reported earlier this month that the wholesale price of an egg had jumped from 10 cents in April to 16 cents this month.
The report forecast that prices would continue to rise, particularly with a salmonella outbreak in an egg farm in Yong Peng, Johor.
Before exports from the farm were halted, it exported approximately three million eggs to Singapore, about 6 per cent of the Republic's total egg imports.
This article was first published in The Straits Times. Permission required for reproduction.
http://www.asiaone.com/singapore/egg-prices-soar-singapore-malaysia-looks-limit-exports
PHOTO: The Straits Times file
CHERYL TEH
THE STRAITS TIMES
Dec 13, 2018
FacebookTwitterGoogle+Email
Madam X.Y. Loh, 56, runs a small bakery in Jurong, making a variety of cakes, buns and pastries as well as other goodies.
She uses more than 100 eggs daily and they cost slightly over $300 a month earlier this year. But this has doubled and she expects to shell out more than $600 a month by the end of this month.
"I never would have thought that eggs could get this expensive," Madam Loh said. "I might have to raise my prices soon."
ADVERTISING
The cost of eggs, particularly during festive seasons, can make a real dent in the total earnings of small businesses like hers, she said.
And there is likely to be no respite from the price increases for eggs any time soon, with a major supplier to Singapore warning that exports may be restricted.
On Monday, Malaysia's Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail said that the country was looking into limiting, or stopping, the export of eggs. He said that the move was to ensure a sufficient supply for the domestic market.
READ ALSO
Hong Kong suspends imports of chicken, eggs from Sabah after bird flu outbreak
"We will study if stopping the export is reasonable or not, even if it is for a short term. If it helps to reduce the price of eggs and benefit the people, we will definitely look into it," the minister was quoted as saying by the New Straits Times daily.
He said there was a change in the average price of chicken eggs between mid-last month and this month, when it rose consistently every week in the retail market.
Mr Saifuddin said that residents in Penang, Sarawak and Putrajaya had complained about alleged cartel activity among egg suppliers, which had caused prices to rise in the middle of last month.
He also said checks had been carried out nationwide at the production, distribution and wholesale stages to find out the cause of the price hike.
ADVERTISING
"If the traders are purposely increasing the price of eggs in order to make exorbitant profits, the ministry will not hesitate to take action under the Price Control and Anti-Profiteering Act 2011," he added.
Local egg farms, such as Seng Choon Farm and Chew's Agriculture, supply 26 per cent of the eggs consumed in Singapore. The rest, or 74 per cent, is imported, and Malaysian farms remain a key source of supplies.
The average Singaporean eats 308 eggs a year, statistics from the Agri-Food and Veterinary Authority showed last year.
Chinese newspaper Shin Min Daily News reported earlier this month that the wholesale price of an egg had jumped from 10 cents in April to 16 cents this month.
The report forecast that prices would continue to rise, particularly with a salmonella outbreak in an egg farm in Yong Peng, Johor.
Before exports from the farm were halted, it exported approximately three million eggs to Singapore, about 6 per cent of the Republic's total egg imports.
This article was first published in The Straits Times. Permission required for reproduction.
http://www.asiaone.com/singapore/egg-prices-soar-singapore-malaysia-looks-limit-exports
Not surprising that cartel like behaviour is due to the price increase. Singkieland has no consumer protection,,,,Egg prices soar no counter measure just increase price, we pay more.
If more limits imposed, no problem just increase price, we pay again.
Your fried carrot cake and the egg prata will soon cost more..
To stand united with the PAP, we will not have eggs in our char kway teow, fried carrot cake, prata and friend hokkien mee. We will save the eggs for our beloved Generals.
Yes, I'll save an egg or two on their faces.
Who is this gong chibi Mr D. Y. Lee? We eat eggs because they taste so good. Not really for the protein.
Singapore has hatched Plan B if Malaysia's egg supply dries up: AVA
Mr D. Y. Lee, who operates a stall in Jurong, said that if push came to shove, Singaporeans could get their protein from other sources.
"Eggs are tasty and cheap, but you can also eat tofu, and meat and many other things for your nutrients," Mr Lee said. "It's nice to have eggs, but we won't die without them."
https://www.straitstimes.com/singap...g+supply+dries+up:+AVA&utm_content=14/12/2018
Singapore has hatched Plan B if Malaysia's egg supply dries up: AVA
Mr D. Y. Lee, who operates a stall in Jurong, said that if push came to shove, Singaporeans could get their protein from other sources.
"Eggs are tasty and cheap, but you can also eat tofu, and meat and many other things for your nutrients," Mr Lee said. "It's nice to have eggs, but we won't die without them."
https://www.straitstimes.com/singap...g+supply+dries+up:+AVA&utm_content=14/12/2018
KNN Mr Lee is confirmed a pap supporter could be 1 of the 5 buddies of 5SIR KNN
Don't worry, PAP will solve import high class eggs from Australia and New Zealand. Nothing but the best from PAP to sinkees.
Looks like Ah Tiongs in Sinkapore will see the opportunity to make fake eggs to sell.
Looks like Ah Tiongs in Sinkapore will see the opportunity to make fake eggs to sell.
Is there a SAF plan to tak over Malaysian hens?
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