Egg prices may rise in Azerbaijan - 72 tons were sent to Russia in 5 days
Over the past 5 days - December 20-25, 1 million 224 thousand eggs (72 tons) were exported from Azerbaijan to Russia. Yeniavaz.com reports that eggs are exported to Russia based on a request from official institutions of this country due to the shortage of eggs observed in our northern neighbor. But whether an increase in the export of eggs from Azerbaijan to Russia could lead to a shortage of eggs on the domestic market and, in parallel, to an increase in prices? For information, in previous years, the demand for eggs in Azerbaijan was satisfied through domestic production. Very little of the eggs produced were exported abroad. For example, last year 2 billion 18 million eggs were produced. Exported eggs accounted for only 0.6% of this figure (11.8 million pieces). The rest of the eggs produced were directed to domestic demand. In 2020 and 2021, Azerbaijan did not export a single egg. That is, all eggs produced were used for internal needs. Compared to last year, egg exports in Azerbaijan have increased sharply this year. In the first 10 months of this year, 1 billion 658.6 million eggs were produced in Azerbaijan. The export of eggs over 10 months accounted for 2.5% of this figure (41 million pieces). Eggs from Azerbaijan were mainly exported to 3 countries - the United Arab Emirates (UAE), Iraq and Qatar. Over 10 months, 26.7 million eggs were exported to the UAE, 6.5 million eggs to Iraq, and 7.8 million eggs to Qatar. According to published official data, egg production in the first 10 months of this year increased by 10% compared to the first 10 months of last year. However, compared to the same period last year, the volume of eggs sold abroad increased 5 times in the first 10 months of this year. It is known that greater growth in exports compared to domestic production will lead to a shortage of products in the domestic market. The export of eggs to Russia in recent days will further increase the difference between the production growth rate and the export growth rate. In such a case, domestic production will not be able to meet domestic demand, which may ultimately lead to higher prices.