The Commerce Ministry has frozen egg prices, set by egg producers, at 3.5 baht each for three weeks to help ease soaring living costs.
The price cap will see the retail price of hens' eggs pegged at between 3.9 and 4 baht each against prices which had surged to 5 baht for the largest size (Size 0) and over 4 baht for smaller sizes.
The move came as around 300 protesters rallied in front of the ministry yesterday demanding it curb the rise in consumer product prices following the government's hike in cooking gas prices on Sept 1 by 50 satang per kilogramme per month.
The announcement of the immediate egg price cap was made after a meeting between Deputy Commerce Minister Yanyong Phuangrach and major egg producers.
Three weeks should be enough to counter the price surge in eggs, which has been caused by a supply shortage. Things should have returned to normal by then, Mr Yanyong said.
The ministry will also work with egg producers to offer a discounted price for a pack of 30 eggs at 99 baht under the government's nationwide Blue Flag campaign for low consumer goods prices.
The discount, which will apply to the up to 2 million eggs sold daily, will make them 20 baht cheaper than usual.
Egg producers in Phichit say unusual weather has caused hens there to produce fewer eggs.
The situation has forced them to set egg quotas for retailers while consumers and food sellers at Phichit municipality market have begun to hoard eggs, following rumours of a looming egg shortage.
Higher egg prices are adding to increased living costs fuelled by higher cooking gas, pork and other food prices.
Internal Trade Department director-general, Wiboonlasana Ruamraksa, who spoke with the protesters yesterday said the ministry is doing its best to solve the price problems.
As of now, she said, prices of some food products such as pork have fallen from 135 baht per kg to 125 baht.