Egg prices scramble to new heights: record $4.95 amid supply chain woes

New Delhi (The Uttam Hindu): Egg prices have reached a record high due to an ongoing bird flu outbreak in the U.S. In January, the average cost of a dozen Grade A eggs hit $4.95, surpassing the previous record of $4.82 set two years ago. This surge has driven up food costs significantly with eggs accounting for nearly two-thirds of the increase. In some areas, egg prices have exceeded $10 particularly for organic and cage-free varieties.

The primary cause of the price hike is the bird flu outbreak, which has led to the culling of millions of egg-laying hens. Over 158 million birds have been slaughtered since the outbreak began and recent months have seen large-scale culling of both poultry for meat and egg-laying chickens. This disruption in supply, combined with other factors such as inflation and higher feed, fuel and labor costs is making eggs harder to find and more expensive.

Experts predict that egg prices will remain elevated, especially as the Easter holiday approaches, which typically drives up demand. Additionally, ongoing supply shortages mean consumers may face limited stock and purchase restrictions at stores. Some grocers are struggling to keep shelves stocked and prices could remain high for months.

Health officials assure that eggs and poultry remain safe to eat with proper cooking eliminating the risk of bird flu. However the outbreak has caused significant disruptions in the egg industry and it may take time for supply to stabilize. Farmers are also investing in biosecurity measures to protect their flocks, which may help mitigate future outbreaks.

The surge in egg prices is also tied to the rising demand for eggs, particularly from all-day breakfast restaurants and consumers seeking to buy in bulk. As egg production faces challenges, producers of baked goods and other egg-dependent items may need to adjust their pricing or reduce production.