Chicken inflation makes the US dizzy, Putin is also the culprit

Published Feb 3, 2023

Tridge summary

The article explores the significant rise in egg and chicken prices around the world, attributing the increase to a combination of factors including the Covid-19 pandemic, the Russian-Ukrainian conflict, and bird flu outbreaks. These challenges have disrupted global food and energy supplies, causing demand for these products to exceed manufacturing capabilities and leading to food inflation. The surge in egg prices, which have doubled in the US from last year, is due to high demand, limited supply, and bird flu impacts on commercial chicken farms. This situation has prompted some grocery stores to ration egg sales. In response, consumers are showing a growing interest in raising their own chickens to address food security concerns, despite the significant costs involved. However, concerns have been raised about the potential for an increase in the disposal of unwanted chicks, as seen during the pandemic, due to the current surge in chicken purchases.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - Lifestyle during the Covid-19 pandemic, the Russian and Ukrainian wars, to bird flu have caused the prices of eggs and chicken to soar in a number of corners of the world, including the United States (US). Prices for a wide variety of products have soared in recent years due to the unusually strong demand for the goods which has overwhelmed manufacturers. The problem is exacerbated by President Vladimir Putin's Russian war in Ukraine, which has disrupted global food and energy supplies. Food inflation was particularly acute as grain supplies dwindled and fuel, fertilizer and animal feed costs soared. The 'suffering' did not stop there, bird flu started hitting commercial chicken farms early last year, driving egg prices up sharply. "Those [problems] happened one after another," Jayson Lusk, who heads the department of agricultural economics at Purdue University, told the New York Times and was quoted by The Straits Times, Friday (3/2/2023). As the problem ...

Source: Cnbcindonesia