The two main reason for egg prices continuing to rise are a combination of Avian flu (bird flu) and inflation. However there are many other factors to consider and research to get a clearer view of this growing issue.
According to the Consumer Price Index egg prices rose 60% in 2022. There are a culmination of reasons for the overall scarcity and spike in egg prices. The Covid pandemic in 2020 was definitely the catalyst for supply chain disruptions in 2021 which lead to bare shelves at supermarkets and eventually the increased demand for goods and public aid from the government causing inflation.
- High demand: As more people are cooking and eating at home, the demand for eggs has risen, which can cause prices to increase.
- Supply chain disruptions: COVID-19 pandemic has caused disruptions in the supply chain, leading to higher costs for egg producers, which can be passed on to consumers in the form of higher prices.
- Weather conditions: Extreme weather conditions, such as droughts or floods, can affect the production of eggs. When conditions are not favorable, egg production can decrease, leading to higher prices.
- Feed costs: The cost of feed, which is a major expense for egg producers, can also affect egg prices. When feed prices are high, egg producers may need to raise prices to cover their costs.
- Disease outbreaks: Disease outbreaks among poultry, such as avian influenza, can also affect egg prices by reducing the number of egg-laying birds and decreasing supply.
- Government regulations: Some countries have regulations on egg production that can affect prices. For example, some countries have regulations on the size of chicken coops, which can increase costs for egg producers and lead to higher prices.
It's important to note that egg prices can fluctuate depending on different factors, and they can also vary based on the region, season and the source of the eggs.
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