Egg prices are at near-historic highs in many parts of the world as the spring holidays approach, reflecting a market scrambled by disease, high demand and grow
by DEE-ANN DURBIN AP Business WriterFILE - Eggs are cleaned and disinfected at the Sunrise Farms processing plant in Petaluma, Calif., on Thursday, Jan. 11, 2024, which had seen an outbreak of avian flu. ing costs for farmers. ing costs for farmers.
In the United States, the average price of a dozen eggs was $2.99 in February, down from $4.21 last year, according to government data. Still, that’s significantly more than the $1.59 cents per dozen consumers were paying in February 2021.In Europe, egg prices are 10% to 15% lower than last year but still about double what they were in 2021, Mulder said.
In South Africa, egg prices soared after 40% of laying hens were killed late last year due to the respiratory disease, Mulder said. A tray of six eggs cost 25.48 South African rand last month, up 21% from February 2023. And profits can be hard for farmers to come by during periods of inflation. Chicken feed represents up to 70% of a farmer’s costs, and feed prices doubled between 2020 and 2022, Mulder said. Weather, COVID-related disruptions and the war in Ukraine – which drove up the price of wheat and other crops -- were all contributors.
Elsewhere, government regulations play a part in lifting egg prices. Multiple states, including California and Massachusetts, have passed cage bans for egg-laying hens since 2018; this year, bans are set to take effect in Washington, Oregon and Michigan. Lyncoya Ilion, who teaches cooking classes and runs a catering business called Catered by Coya in Brown Deer, Wisconsin, says she's noticed egg prices inching back up over the last two to three months but hopes she won't have to pass her costs onto clients.
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