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Friday, January 27, 2023

Eggs hit US record: why are they so expensive and when will prices fall?

there are eggs A staple in every American’s basket, so millions of americans They continue to consume them even with higher prices.

According to official data from the United States Bureau of Labor Statistics, Egg prices have hit record highs in the land of the stars and stripes. This time, A dozen grade A eggs is $3.60, when last year, around the same dates, A dozen was $1.82.

For Midwest Big Eggs, They have reached a price of $5.60 according to egg price current, which means that the prices They’re up about 49 percent from a year ago.

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Why is egg so expensive and when will the price fall?

There are many reasons for the rise in egg prices. One of them is bird flu; The same which has caused the death of 6 crore birds in the country, of which There were approximately 43 million laying hens.

This time, About 30.8 crore hens are laying eggs, whereas in December 2021 this figure was 32.8 crore. less is added to the output High number in demand for the product. ,Due to which the price increases further. And it has to happen because the supply is more limited.”said Daniel Sumner, professor of agricultural economics at the University of California at Davis market place.

Another major factor in the growth of eggs has been High index in the rate of inflation. Currently, inflation in the United States It stands at 7.1 per cent; However, in the middle of this year The figures reached their historical maximum level as soon as they crossed nine percent.

it is expected that Egg prices fall after the holidays Since the demand for the product will decreaseaccording to experts.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
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