September 28, 2023

The cost of eggs has extra than doubled in the previous calendar year, getting to be the emphasis of concerns about surging charges at the supermarket. A main farm advocacy team states that inflation by itself is not liable.

The advocacy group Farm Action wrote a letter to the Federal Trade Fee (FTC) January 19 urging regulators to launch an investigation into whether or not selling price gouging from some of the nation’s foremost egg producers is behind soaring fees for this typically very affordable meals. Although Farm Motion acknowledged that about 43 million chickens had been shed to avian flu throughout this time body, they believed that the flock sizing was under no circumstances much more than 7 to 8 p.c down below ordinary concentrations in any supplied thirty day period — a nominal supply reduction specified the magnitude of rate hikes.

Much more and more people today begun turning to eggs as a principal supply of protein when meat prices surged for the duration of the pandemic. In December 2021, at a time when meat rates have been the one major lead to of soaring grocery expenses, the Biden administration accused some distributors of pork, poultry, and beef of taking edge of “their marketplace electric power in an uncompetitive current market,” to push up expenditures at the price of farmers, ranchers, and consumers. Considering the fact that then, the regular expense of a dozen eggs surged from $1.79 in December 2021 to $4.25 one particular yr later on.

A person alleged cause for the value hike is the ongoing outbreak of avian flu, which has resulted in the deaths of extra than 49 million birds, like egg-laying hens, considering that early 2022, according to the Centers for Sickness Handle and Avoidance (CDC).