Muscat: A continued ban on Indian eggs by the Sultanate, the largest buyer, is affecting Indian poultry farms, a media report said.
Oman accounts for 40-50 per cent of Indian egg exports, which have fallen to below Rs2,000 million [US$36.78 million] per annum from an average of Rs2,500 million [US$45.97 million], said the Economic Times, a business newspaper.
The ban on Indian eggs by Oman, the largest buyer, has been cited as the principal reason for the drop in prices. The ban, in force since October after an avian flu attack in Karnataka, was supposed to be lifted in January.
An expert team from Oman has visited India and submitted a report to the Oman government which is yet to act on it, added the newspaper.
In fact, the ban came just when the poultry market was recovering from an earlier ban imposed by West Asian countries due to another flu attack over a year ago.
"For almost ten months, farmers have had a price realisation 10 per cent below their actual cost of production. For the last one month, it has come down by 20 per cent," Dr PV Senthil, secretary of Livestock and Agri Farmers Trade Association, was quoted as saying by the Indian paper.
A lull in domestic consumption, continued ban on Indian eggs by Oman and costlier feed have dragged down poultry prices. Most poultry farmers are selling below production cost. Egg prices have fallen to Rs2.75-Rs2.90 a piece now from Rs3.60-Rs3.80 at the beginning of the month across markets.