From the enticing sizzle of hot oil in the early morning to crafting delectable treats for joyous celebrations – eggs are a dietary cornerstone in every Bangladeshi household. Yet, in a surprising turn of events, these reliable culinary companions have embarked on an unforeseen journey. Their cost has broken free from its traditional boundaries, soaring to new heights. With online grocery platforms significantly reshaping consumer shopping habits, the egg supply chain in Bangladesh grapples with fresh and unique challenges amidst this recent surge in egg prices and demand.
To grasp the scale of our nation's egg appetite, consider that Chaldal alone deals with a staggering 30 lakh pieces of chicken layer eggs each month. This figure excludes other varieties such as duck and quail eggs.
Understanding the intricacies of these underlying dynamics not only demystifies the surge in recent egg prices but can also help us uncover the nuanced forces guiding the trajectory of this essential commodity.
As consumers' preferences evolve due to the convenience offered by online grocery platforms, the surge in demand for eggs has been nothing short of remarkable. However, this convenience-driven surge presents a dual challenge for the poultry industry. As consumers flock to these platforms, driving up demand, production and the supply chain grapple to maintain the affordability of eggs.
It might come as a surprise, but the daily price of eggs can sometimes exhibit more volatility than the stock market. Behind the scenes, a multitude of factors, both national and international, contribute to the rise and fall.
Locally, the egg supply chain of Bangladesh is a complex and delicate web involving multiple stakeholders and intricate processes including farmers, hatcheries, feed mills, specialized transportation, wholesale distributors, and retailers. To ensure that eggs make their way from the farms to consumers' tables in pristine condition, numerous challenges must be navigated. Here are some of the critical hurdles that this essential commodity's supply chain faces:
Given the dynamic nature of these challenges, multiple stakeholders need to participate in the development and optimization of the complete network. Chaldal, for instance, has focused on engineering innovative solutions:
The challenges faced by the egg supply chain in Bangladesh are formidable, but unwavering resolve and innovation persist. Chaldal remains committed to delivering the freshest and safest eggs to consumers, navigating the complexities of logistics.
With online grocery shopping continuing to gain traction in Bangladesh, the egg supply chain will undergo continued adaptation and transformation. Through investments in technology, infrastructure upgrades, and nurturing local partnerships, the industry is poised to meet the ever-evolving demands of consumers while upholding impeccable standards of freshness and quality.
There is ongoing speculation regarding the reasons behind the rising egg prices in the country. As both a consumer and someone actively involved in this sector, several factors stand out. Basic economics dictates that prices inevitably rise to match the scarcity when demand far outpaces supply. While egg production has significantly increased over the years, the industry's growth has slowed due to external factors.
In recent years, the poultry industry has weathered extreme circumstances, including the challenges posed by COVID-19. In the last 18 months, poultry feed prices have risen by 30%, impacting local businesses.
The future of Bangladesh's egg industry appears promising. Government initiatives and local businesses have worked tirelessly to meet our insatiable demand for eggs. Large farms are collaborating with companies like Chaldal to provide the price and quality of eggs required. Additionally, the Ministry of Fisheries and Livestock is implementing a 303 Crore TK project in the char areas of Dhaka division to boost egg production by up to 20%. Government and private investments promise substantial growth in the egg industry in the coming years.
In conclusion, Bangladesh's egg supply chain is a dynamic arena. As online grocery shopping continues to rise, so too does the industry's determination to overcome associated challenges. The commitment of Chaldal and its collaborators to ensure a robust and fresh egg supply chain underscores the industry's adaptability and unwavering dedication to customer satisfaction.