As Easter approaches, people have raised concerns about the safety and cost of eggs, given the global bird flu outbreak and rising food inflation. Egg prices have been showing an uptrend globally, and Tridge's recent analysis covered the impact of the bird flu crisis on the global market.
In this article, we will look at the significant egg price increases across four countries.
According to Tridge’s price data, the wholesale chicken egg prices in Peru climbed 32% YoY to USD 2.47/kg, their highest level in at least three years.
As for Kigali, the capital city of Rwanda, egg prices rose by 25% to USD 0.19/kg.
In Spain, egg prices showed an uptrend of 28% YoY, reaching USD 2.51/kg in 2023 from USD 1.96/kg in 2022.
Last but not least, the price of a dozen grade A eggs in the US reached a record high of USD 4.77 in January 2023, up 150% from the previous year.
Grocery prices have increased dramatically over the past year, but nothing beats the price of eggs. The global bird flu outbreak has significantly impacted egg production, resulting in the loss of over 200 million birds, exacerbating the growing price of eggs, which nearly tripled in some states last year. This surge in egg prices has made grade-A eggs more expensive than beef for the first time in history. The avian flu outbreak has also caused significant supply chain disruptions and labor shortages, further increasing egg prices.
Despite efforts by countries to ease the uptrend of egg prices, the effects of bird flu are expected to continue until Easter. It remains crucial for consumers to consider the safety and cost of eggs when celebrating this holiday season.
Related keywords: Easter, Easter Egg, Bird Flu, Food Inflation, Egg Prices, Global Market, Supply Chain Disruptions, Labor Shortages, Avian Bird Flu Outbreak, Wholesale Chicken Egg Prices, easter 2023