US egg prices soar 35% in six months

Published 2024년 12월 13일

Tridge summary

US egg prices have surged by 35% in six months, with the average price of a dozen eggs now at $3.65, according to the US Bureau of Labor Statistics. This price increase is due to a bird flu outbreak and a supply shortage, especially in the organic eggs segment. The situation is expected to persist for several months, with wholesale egg prices doubling in November, indicating further price hikes in retail. Additionally, wholesale food prices, including ground beef, have also seen a significant increase of 3.1% in November.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Moscow. December 13. INTERFAX.RU - Egg prices in the United States have jumped by 35% in six months: in May, a pack of twelve eggs cost an average of $2.70, and in November, it was already $3.65, the US Bureau of Labor Statistics (BLS) reported. This is still below the record of $4.82 set in early 2023. At the same time, it is rare to buy eggs in stores even at a high price due to a supply shortage, especially in the segment of expensive eggs produced in accordance with the principles of organic farming, MarketWatch notes. For example, in the Washington area, prices for a dozen eggs range from $4.59 to $7.49, with most cheaper eggs quickly snapped up. Such a sharp jump in prices was the result of an outbreak of highly contagious bird flu. When a single chicken becomes infected with the disease, farms are required by law to destroy the entire flock, which can number in the millions. Demand for eggs also traditionally increases around the holidays, when people bake and cook more. ...
Source: Interfax

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