Egg prices are back on the rise as a devastating bird flu outbreak and swelling consumer demand eats into supply.
Wholesale egg prices surpassed about $3 per dozen in August, according to the U.S. Department of Agriculture, up from the usual $1 to $2 range. Retail egg prices were up 19% in August compared to last year, according to the latest Consumer Price Index data, while the broader grocery category increased only 1%.
highly pathogenic avian influenza, or bird flu, has forced egg supplies to be “less robust than normal.” At the same time, U.S. sales have jumped to levels not seen since the pandemic.
Despite the price fluctuations, consumers continue to buy eggs — and more of them, as of the last few months. August egg sales were up more than 5% compared to 2023, and producers sold 237 million eggs in the most recent four-week period. “We haven’t seen that number since the first year of COVID,” he said, when sales soared as consumers stocked up on staples including eggs and toilet paper.
As domestic demand stays strong, other countries are also buying more U.S. eggs. According to the U.S. Egg Export Council, total exports for the first four months of the year increased by 22% to 63.5 million dozen eggs, though values were down 22%.
Demand is expected to rise further during the fall and winter months with the holiday baking season entering full swing. That could further pressure the commercial egg supply, especially as bird flu also spreads more easily in colder climates.
Corporate greed is one of the leading causes of what we refer to as “inflation” i.e. prices going up. You can’t really seperate the two
Well, that’s entirely incorrect. You can make up all the words you want but those words already exist and have definitions.
Corporate greed and inflation could not be more separate from each other. At least apples and oranges are both fruits.
Honestly, it’s difficult for me to understand how you could compare the two. I’d like to hear your thought process.