Egg prices are abruptly fell, but consumers will not yet see the relief at the billing counter.
This is partly because eggs have typical Four-week shelf lifeThe meaning of prices in grocery stores will not reflect the fall by the end of March. The timing time of these prices prices will also vary depending on where customers live and how traders respond to local demand and competition, David Anderson, Professor of Economics at the Faculty of Central Faculty.
“In high-income areas, there may be more tolerance for extended high prices, but in areas sensitive to prices, consumers are already turning to cheaper options,” Anderson said. Retail can be motivated to reduce prices to avoid losing customers to those replacements.
The price drop occurs due to the combination of factors, including less bird outbreaks, less demand and increase egg supply. Agricultural Department (USDA) reported There are no major bird outbreaks of the flu in March, helping to stabilize the market. The virus has previously led to tying around 20 million chickens for egg layingwho taut supplied and drove prices. From then more than that 166 million birdsIncluding commercial poultry and water species, they are infected, according to the Disease Control and Prevention Centers (CDC). States such as Illinois, Ohio and Indiana have seen the largest number of epidemics.
Despite reducing egg price, food trade costs continue to increase, with 10.4% by increasing in February, according to Data from work statistics (BLS). 20. February 24. February, the price of tithing large, class eggs was $ 2.96. By 20. February, that price jumped on $ 5.89denoting an increase of 99% in the past year. Transmission coincides with wider growth of consumer prices, as the consumer price index (CPI) has seen an increase of over 3%, including a 0.2% an increase in February. USDA predicts the prices of eggs grow 40% 2025. Years.
Anderson notes that areas with multiple competition between food products can see a faster price reduction, while regions with less options may take longer to adjust, due to the difference in the consumer supply chain. Prices can stay elevatedwith some stores using bird flu epidemic as justification, especially as Easter approaches and demand for the field.
After the holidays, however, Anderson expects traders to cross more savings from falling egg prices – unless there are further supply issues.
While the prices of eggs move in the right direction, customers can still need to wait a little longer before they see the right relief in the register.
2025-03-18 20:55:00
