Supply

COVID19: Singapore Currently Facing Oversupply of Eggs

When Malaysia announced its lockdown in March, Singaporeans rushed to supermarkets to stock up on eggs and shelves were empty in no time. Prices of eggs started to increase slightly due to border restrictions. Fast forward 3 months, Malaysia is out of lockdown and has resumed their supply. Eggs are flowing into Singapore from Malaysia, Thailand, Australia, New Zealand and recently Poland. At the same time, demand from F&B dropped. As a result, egg suppliers find themselves having too many eggs, some having to discard as many as 250k eggs.

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ALMOST 20% MORE COE AVAILABLE FROM FEB TO APRIL 2015

Based on a Land Transport Authority announcement Wednesday morning (14 Jan 2015), there will be 4,705 COEs up for bidding every month from Feb - April. This is a 18.3% jump in supply from previous months. This increase in COE supply is expected to persist for the next 2 to 3 years and LTA expects COE premiums to fall in the coming months.

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