Bird flu keeps egg prices high for Easter
New York, March 26: Egg prices are at nearhistoric highs in many parts of the world as the spring holidays approach, reflecting a market scrambled by disease, high demand and growing costs for farmers .
Its the second year in a row consumers have faced sticker shock ahead of Easter and Passover, both occasions in which eggs play prominent roles.
While global prices are lower than they were at this time last year, they remain elevated, said Nan-dirk Mulder, a senior global specialist with Dutch financial firm Rabobanks Raboresearch food and agribusiness division. Mulder does not expect them to return to 2021 levels.
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, thats significantly
more than the $1.59 cents per dozen consumers were paying in
February 2021.
In Europe, egg prices are 10 per cent to 15 per cent lower than last year but still about double what they were in 2021, Mulder said.
One major culprit is avian flu. Outbreaks of the deadly respiratory disease were reported in Europe, Africa and Asia in 2020 and spread to North America in 2021. In 2022 alone, more than 131 million poultry worldwide died or were culled on affected farms, according to the World Health Organisation.
Outbreaks are continuing. In December, the U.S. confirmed cases in 45 commercial flocks and 33 backyard flocks, affecting 11.4 million birds, according to the U.S. department of agriculture.
In South Africa, egg prices soared after 40 per cent 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 ($1.34) last month, up 21% from February 2023.
Even when avian flu dissipates, it can take a long time for the egg market to settle. It takes a farm three to six months to replenish a flock, so during that time, egg supplies are lower and prices rise, said Emily Metz, president of the American Egg Board, a marketing organisation. —