Topic: I thought there was an egg shortage. (Read 521 times)

Sometimes I don't blame some of these businesses for devising means to increase the price of their products. The cost of production of these good have increased rapidly. The price of fuel and electricity has increased so much that most of these industries are running at loss. The bottle and sachet water production industry of my country just decided to increase the price of their product. They can achieve it because they have unions that ensures that every producer abides by the price hike. Trade unions and associations are important means of cutting production and increasing price. And example is what OPEC+ usually do: cutting production which leads to price increase. They have made bottle water scarce now and we are forced to buy it. We are forced to buy it because we don't have other means of getting clean water.

But sometimes these trade unions become very powerful that regulators cannot control them anymore. Due to this influence they start exploiting the masses. It is the responsibility of the government to control the price of products based on the current inflation rate. Unnecessary increase in the price of product should be checked. Regarding egg, getting few layer fowls that produces eggs will not be a bad idea. But this will be possible if you have space in your house. Egg is a major protein source that is important to both children and adults, making it expensive can lead to malnutrition mainly in children because some poor homes might not afford it.             

I think I am lucky and did not see so much of price increase for eggs. For me to get 1 dozen grade A eggs at the market will cost me $5.00.

But I am lucky and have a family friend who lives on a farm. Once a week he will drive to my town and he sells his eggs for $2.00 for 1 dozen. The eggs are a different color but he says it is how the chickens hatch them. I am lucky there is no big egg shortage, because I eat eggs for breakfast lunch and dinner.

The increase in egg prices only occurred in one country or several regions, not a major crisis like the grain crisis many countries experienced when the war broke out. I live in a rural area, and we even have eggs left over to use and can give our neighbors for free, let alone raise the price of eggs. But there were many unbelievable things when the economic crisis happened, there were many shortages that no one thought of, I remember there was also a topic about how they couldn't buy onions because of the high price.

Nope, they are just limiting the supply of eggs so that they can increase the price. There's a lot more tricks going on to the society to battle inflation and the poor are the most suffering from this. The government always to ignore this kind of issues as long as they are getting money from it. Sad thing is a that as the days goes by, everything is not getting any better, but it is the other way around.

Even if there's something of such occurrence there's nothing to worry much about it because there are other alternatives to the supply of proteins in food nutritional balance, but the rate of birds production in poultry will drop and there may be an increase in demand for protenouse food items like chicken and many more.


We need adequate information on food items like this together with other things we buy and sell because if we are not well informed on the current situation, they may take advantage over us by inflating the prices , everyone is now on the run of taking advantage over each of other this season for their own personal survival.

There was a spike at least in certain areas in the US where the bird flu hit hard earlier this year. Add in a bit of increased demand and top it off with the panic buying from the doomsayers and prices really popped.
However, in large areas where there was no flu and a large amount of local suppliers there was no large uptick.
Add in some places that had locked in firm price contracts with farms and some places never saw an increase.


But the news could pick and choose what they want to show.
From my post 3 years ago at this point: https://bitcointalksearch.org/topic/gas-prices-why-do-people-pay-that-much-more-for-a-brand-5254433
You could scream how expensive gas is / was by just showing the Mobil.
But across a small street.... 50% less



Same with eggs. Or just about anything else.

-Dave

I believe that an increase in price is a sign that there is an upcoming shortage because there are lots of demands but the supply is only short. If the increase was times two from its previous price, then that is a huge increase in its price. Maybe you will need to avoid eating eggs for a while until their price normalize again. Or you can try to produce your own eggs buy buying a chick and start raising it.

It's a big hassle but it's going to be worth it at the end. I'm lucky that I was one of the unaffected areas because the price of the eggs here are still the same. Last time there was a small increase but it didn't take long for its price to revert to the original one.

I prefer jumbo or largest sized eggs.

Summer 2021 $1.59 to $1.89  USD per dozen

Jan 2023 $6.99 to $7.19 USD per dozen

June 2023 $2.16 to $2.36 per dozen


I know for a fact as I know a local large egg farm that feed cost was mooned to them.

3x the price for feed.

Feed prices dropped Around April 2023 and eggs prices are close to normal.

This is central New Jersey, USA

the egg farm is:

https://www.puglisiegg.com

That's not the case here in our country I'm glad that it's not, I consumed 5 eggs daily, and it cost the equivalent of $5 per tray, there's an increase of 2%, and during holiday seasons our government is controlling the price of eggs its consider a prime food commodity but the poultry industry sometimes suffer from disease like Avian Influenza which causes shortage which makes the price increase.

There's always the manipulation of the price of food like rice, chicken, and meat and vegetables because there are always greedy businessmen who will manipulate the supply to increase the price.

In my country, there is no shortage of eggs rather the prices have tripled over the last 6 months. The is the result of rise in the cost of feed to give the birds and high cost of production as well. But then we can't complain because in the next 2 -3 months the price may go up by 5%. Nothing we can do about it. If it were easy, I would raise my own birds in the yard but it ain't.

Bird flu which was effective in the USA last year according to the news, tripled the prices of chicken and eggs. Although there are inflation effects on egg prices and other products, prices increase very quickly in bird flu like situations. People killed chickens to prevent the epidemic and the problem of egg supply arose. Low supply leads to price increases, but due to the prevention of bird flu, stabilization of demand the increase in stocks again and the moderate course of inflation, egg prices will decrease.

Dollar based prices are very cheap in the country where i live but if you try to buy something in national currency, everything is very expensive. Egg is one of them. Actually one of the main reasons why egg prices are expensive in the country i live in is the very high feed prices and vaccine prices. A significant portion of raw materials such as corn and soy used in feed are imported. All vaccines for animals are imported. Providing feed and vaccine with domestic raw materials has the effect of reducing egg prices in my country.

Nooo! there was no egg shortage globally as there was no shortage in my country. I can predict after reading your post, that, there must be some kind of fud or egg market manipulation in your region to convince people to buy high or buy more when eggs were at a lower price, this would increase the demand over supply and thus the price will automatically increase.

I have seen so many immoral techniques like these in my area, for example, once private Oil providers came to a single agreement of increasing prices high and the government did not want that, so what the petrol pump worker did, they hide the big amount of oil just to increase the demand and decrease the supply so that government has to increase the prices of oil then.

There is sugar fud, there is oil fud, there are clothes fud, etc. Many fud had took place in our area and now i always remained calm and happy with what I have and never fall prey to these FOMOs in the market (local market). So, yes there is no shortage of eggs as hens are working very hard day and night (haha).

It is called "pig circle". In Germany it is about eggs, milk and grain.

This panic is only limited to domestic, does not impact on the global. When the price of eggs is above normal, it does not mean that poultry are starting to be lazy to lay eggs. There are third parties who are manipulating the market, which makes the price of eggs in your country so expensive. Poultry farmers in my country still use natural methods, they build poultry houses on the edge of ponds that are not maintained. Some of the staple food is supplied from feed and some from sources in the pond.
People around where I live are still able to buy eggs even though they are in economic difficulties because the price is still very affordable. We who live in the village prefer to shop at traditional markets rather than shopping at supermarkets because the prices are much cheaper. Healthy trade competition in traditional markets allows us to buy at low prices.

You are right, even if there are tons of poultry, if the feed or food for the chicken is very expensive, it will still affect all the prices; it is not all about the quantity of it. Also, we are in a tropical country, and we always have storms and typhoons that affect us and lead to loss of electricity and water. Additional to that, our road to market from the farm is not that good, as they can't just put up poultry in the city; they really need to put it in a remote area.

It may vary from region to region. Sometimes there can be instant price fluctuations. They say there is no supply right now and raise the price. It is a bit difficult to prevent this because they can set prices instantly according to their minds. As you said, after the Ukraine-Russia war started, there were problems in the supply of grain products and prices increased a lot. Then it returned to normal. Even when it normalized, the price remained higher than before.

In general, I would say that the problem is not scarcity but transportation. Because these products exist somewhere and they are waiting to be sold.

It is not always about the number of poultry but the production cost. These poultry "farms" need electricity, heating/cooling, vaccination and most importantly food. Due to inflation and energy price rises the production cost has gone up everywhere, on top of that because of the food crisis the animal feed has gotten more expensive over the past year (despite the ups and downs it is still more expensive compared to 1.5 years ago).
This is why the egg price has gone up in most countries.

Eggs in your country are very cheap, for sure. There are tons of chickens there, or poultry, because in our country they are sold by the pc, which is around $0.16, and by the tray, which is 24 eggs on a tray, averaging around $3.5. We are in the provinces, but we have tons of poultry here, so the price is still the same. Eggs have a really different price in the world, which for us is kind of expensive, even though we are in a third-world country where the minimum wage per day is around $9.

the manipulation of the distribution of foodstuffs is a real thing. usually the distributors will hold their food stocks to make price increases in order to increase their profits and create high demand in the community. and it seems that the government can do nothing about this even though they are aware that there is manipulation in the distribution and price of food.

I remember that in my country usually those who distribute eggs from farmers are certain people who win the tender. they will usually play the price to be able to determine the price according to their profits. when there are sellers who sell eggs below the market price, they will monitor these sellers and intervene as much as possible with these sellers. so it's not surprising that these sellers don't dare to sell eggs below market prices because they're afraid they'll be intimidated by the distributors.

It would have been easier for others to know the total number of eggs so they can relate the price to their own price because here in my country, eggs are not sold in boxes but on create and each creates of eggs contain a total of about 30 eggs are they are been sold for $3.2, that's from my conversion from local currency to USD and looking at that price in global level, it looks cheap and affordable at a consumer price, the retailers and wholesales price is way cheaper than this price; if you go to layers farms to get the eggs yourself, they are even more cheaper than this price.