Bulgaria's Drastic Egg Prices Won't Fall - Ag Minister

Business | March 7, 2012, Wednesday // 17:03
Bulgaria: Bulgaria's Drastic Egg Prices Won't Fall - Ag Minister Bulgarian Agriculture Minister Miroslav Naydenov. Photo by BGNES

Bulgaria's egg prices that skyrocketed over the course of some ten day will not immediately fall, according to the country's Agriculture Minister Miroslav Naydenov.

However, the Minister reckons that the prices will not be increased further.

"Many egg dealers received calls yesterday from egg producers, who told them that prices will be kept as they are and will not be falling. Producers told me that they will try to decrease the prices," Naydenov recapitulated on Wednesday after he met with representatives of retail chains.

The Minister plans to meet with egg producers one more time this week. He revealed that he plans to speak with his Polish counterpart and consider the possibility of increasing the exports of Polish eggs to Bulgaria in order to normalize the market.

Egg prices in Bulgaria doubled in the course of the last ten days, exceeding EUR 0.25 per egg at some places. The average salary in Bulgaria is approximately EUR 370.

If a cartel agreement among egg producers is proven, the financing intended to compensate producers for complying with EU requirements on laying hens' welfare will be stopped, Naydenov warned on Tuesday.

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Tags: eggs, egg price, Miroslav Naydenov, Polish, producers, cartel agreement, dealers
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