Egg prices in the Baltic region remain under pressure

The consequences of the avian influenza outbreaks in Lithuania and Poland are still being felt in the regional egg market and, according to local market players, could drive it into a new crisis. Although retail egg prices in Lithuania have risen moderately over recent weeks, wholesale prices are experiencing double-digit growth, Aleksandrs Izgorodins, an analyst at Citadele Bank, revealed. This disparity indicates that businesses have yet to fully pass increased costs on to consumers, as demand remains somewhat weak. However, such a trend will unlikely last long. “If wholesale prices continue rising for an extended period, a further hike in [retail] egg prices will become inevitable,” Izgorodins stated. The price situation in the Baltic region’s egg market is largely driven by fears of shortages, as recent avian influenza outbreaks have killed hundreds of thousands of hens in Lithuania and millions in Poland. Despite that, Lithuania can still meet its own demand for eggs, Gytis ...