As the spring holidays draw near, egg prices remain at nearly historic levels worldwide, reflecting a market in flux due to disease outbreaks, surging demand, and rising costs for farmers.
For the second consecutive year, consumers are experiencing sticker shock as Easter and Passover approach, both festivities where eggs play pivotal roles.
Egg prices around the world
According to recent government data, the average price of a dozen eggs in the United States stood at $2.99 in February, marking a decrease from last year’s $4.21. However, it’s noteworthy that this is still substantially higher than the $1.59 per dozen consumers paid in February 2021.
Nan-Dirk Mulder, a senior global specialist at RaboBank’s RaboResearch Food and Agribusiness division, informed the Associated Press on Tuesday that egg prices in Europe are currently 10% to 15% lower than last year, yet they remain approximately double the prices seen in 2021.
Here are some of the reasons driving up the cost of …