Topic: I thought there was an egg shortage. - page 2. (Read 480 times)

The same thing here in my country, the price of eggs has increased by about 3 times. I think it is related to inflation first and to the increase in the price of feed and materials needed for the production of eggs and poultry.

As you know, due to inflation, the prices of all these materials rose, which caused the price of eggs to rise dramatically. Because of this high rise, the demand for eggs decreased and many poultry breeders were forced to close their facilities because they bear the high costs that cause them losses with the lack of demand.

I heard of the same concern in the US. There are also complaints here in my country of egg shortage and its rising price. But I doubt we all share the same reason.

In my country, what I heard is that the feeds for layer chickens are getting expensive. That and other expenses. Why they are all increasing I know not. I actually wonder why because I thought the ingredients of these feeds could be sourced locally. I don't know, perhaps much of these are imported. Or is this another artificial shortage?

I don't think global shortage is the reason why the price of egg has suddenly increased but seeing this thread  I think my mind just recalled to the amount which I bought a create of egg today and the reason behind the increase in price of egg. I paid 3000 Nigerian naira which is equivalent to $4. The response behind the sudden increase in price of the bird feed and I doubt if a country will experience egg shortage when there are I individuals who's daily income come from the poultry where the egg is also harvested.

In our country, there haven't been an egg shortage but the price of it is continuously increasing each week. I'm not sure if it's being manipulated or it is just because of the inflation crisis that people now are just consuming eggs more often to save money. Just like what happened last year, the price of cooking oil has increased that burdened lots of ordinary citizens. These situations has been happening with different important products which makes people suffer but we can't put the blame on the government alone because we all know that we are also affected by the global crisis.
However, trust issues are rising in our country, since there have been an onion shortage last year and we found out that some suppliers are hiding their products in different warehouses so they could manipulate the price through shortage. I think it is something that we cannot control since some business owners want to make more money regardless of its effect on their consumers.

I wasn't upset about the fact that the eggs have gone up in price, since everything else has become more expensive and whichever egg producer you ask why the eggs are more expensive today than two years ago, he will probably give you similar reasons.

What many cite as the reason is that the prices of poultry feed have increased, and of course fuel, electricity, water and veterinary services have gone up - and accordingly, the end product must be more expensive. Of course, there is also the situation with bird flu, which has been ongoing for years, and in some periods it intensifies in some areas, which leads to the fact that entire farms of laying hens have to be euthanized.

In addition, eggs are not what they used to be, not only because of the way poultry is kept, but also because of the quality of the food they feed on, and accordingly the nutritional value of such eggs is decreasing, and I believe that many eggs barely show the minimum limit of health safety.

In my country, the price is about 1 dollar for 6 eggs. I do not know where they are imported from, but it is noticeable that food prices are stable this year, as I remember that the cost was about 1.4 last year.
In general, as an oil-exporting country, the increase in the price of oil and the strength of the dollar led to a noticeable decrease in the value of inflation, which reflected positively on the prices of most things now. It is almost cheaper than about 3 years ago, and perhaps it will continue until the end of the world.

Therefore, I do not know if there is manipulation, as it is on a global level, greater than England.

Prices can be manipulated by anyone and supply may be the reason why egg prices fluctuate so quickly than usual. I've seen an educational video about products that are sold separately at different prices, basically the same price issued by the drinking company. If you have ever traveled abroad and compared it to the class of mineral water sold by airlines it is much different from the prices sold in other places.

This shows that prices can be manipulated by anyone according to their wishes and the place will be a reason why people never complain why prices can be different like usual places. The problem of eggs in my country is still quite stable and there is still abundant stock available at prices that are still standard.

I heard about said egg shortage but since I so rarely eat eggs I haven't been following it closely.  But I'd suggest that the fact that you got some eggs on the cheap might be a result of the situation changing and the media not following up on the story of Massive Egg Inflation.

That's one possibility, and it came to mind only because I haven't been hearing much about supply chain shortages, COVID, or the war between Russia and Ukraine.  The mainstream media has a longstanding habit of following a breaking story for a while but not until things have resolved.  Note: I don't really follow the news these days, so those things I mentioned could still be in the headlines but they haven't been in the recommended vids on YT anyway.

So Jet Cash, eat them 21 pence eggs and party like it was 2015, 1999, or whatever your year of choice is.

That is true sir/ma.. It was around that price you made mentioned.
He (Godwin) made us go through unnecessary hardship in the country also I think the Nigerian Naira redesign also catapulted the increase in food stocks and yet till today there isn't a way to normalized those food prices to previous, as always said by 9ja ( Any tin wey go up no dey gree cum dan for we kontri) that's to say our country has broken the law "the Universal Law of Gravitation, by Isaac Newton".
But come to think of this, I m still shocked to see that egg price has suddenly increased in this manner.

Are we gonna simply dismis the prospect of some under-the-table play in the egg trade? Every venture has its cloak and dagger stuff, doesn’t it? I concur, eggs spoil fast which kinda makes foul play less plausible, but let's not hit the ignore button on the chance just yet!

Can we really close our eyes to the ripple effect of extreme farming? Certain quick-profit hounds might be pushing their poultry to breaking point, inducing a glitch in the supply flow. And, haven't we considered the ripple effects of pandemics? Bird flu flare-ups can throw a monkey wrench in the egg supply and send prices sky-high!

Your positive stance that this price hike is just a blip is commendable, but aren't we downplaying the role of climate change on food production? So, while it's appealing to bank on the good ol' supply-demand equatoin to self-correct, perhaps we're sipping a bit too much of the optimism Kool-Aid.

That was a thorough market survey you did there as your analysis of egg prices are accurate. Yes, a single egg is N100 in today's price and that's like over 50% of what it was two years ago. Then a create of egg sold for N1,500 – N1,800.

However, there was a glut in the market early this year during the 2023 elections with that cashless policy that hit our country real hard. Most people didn't have physical cash to pay for eggs and most farms weren't accepting online transfers. So it was no business for them. Godwin Emefiele, the CBN governor, deserves a prison term for making Nigerians suffer unnecessarily (E nor go better for that dude). through that needless cash policy. So many farms had to bury eggs as they couldn't find market for that. It trended at the time. I don't think what we've in Nigeria with the egg situation is connected to any global egg scarcity. We don't import eggs. There's no egg shortage in Nigeria at the moment. What we've affecting egg price in Nigeria is the high cost of feeds because of inflation in the country.

Pretty nice explanation mate and exactly thorough. In simple terms, there could some underlying factors in which explains and made the egg prices to increase.

It's not really a shortage or some manipulation because I believe that manipulating the eggs will be last resort for some businessmen as this kind of product doesn't last that long and will probably cost you some time, efforts and money just to figure out how to preserve it much longer unlike other foods/fruits/vegetables. Either way, the price hike of eggs is just temporary as I don't see any reason that it will not keep up to the supply and demand.

Hmm, I am not a food expert but such types of food items can't be stored for a long time, a very well know story in my region is if you are poor a very progressive way to make money and be rich is Chicling haha I am not sure are getting the term or not because I had googled it so please bear it with me, Pricing is a big deal as currently 1 USD + 303 PKR in my open market and from that pricing 1 egg =20RS around 15 eggs in 1$.

Its seasonal price is currently, Summers are ongoing at the peak of the time so eggs are cheap and they can cost around 25RS to 35RS in Winter to excess demand. The point is even if eggs are cheap we can't store them for more than 21 days in my general knowledge according to Asian Climate (the Freezing process) is another thing.

Basically what causes this kind of issues is inflation and secondly its not a global issues, when course of things is high in a given country its actually the fault of the that particular country government, when price of perishable items and none perishables items get higher its quite obvious that inflation is ripping the country and another thing that triggers skyrocket of supermarkets price is when their is occurrence of additions of fees use in conveying their materials and raw materials to their site or base of business is high, and what contributions for increment of transportation is petrol or increment of gas for transportation, so it's very obvious that whenever gas is high it will definitely affect commodities, so I will say what you observed in your country is not a global challenge or a global problem from my perspective or understanding.

I think what you say is more logical, because basically the price increases in energy, we know that laying chicken breeders need a lot of necessities for maintenance, apart from electricity, feed and medicine today experienced a price increase, also including the cost of shipping which caused it financing of rising maintenance needs.
In my country, eggs also experienced a price increase, especially my family has a laying hens business, and he said his complaints because maintenance financing increased, but the most important thing was that eggs were still easy to find.

In conclusion that the rise of eggs, especially in my country is not because there is a hoarding or anything that makes the price of eggs rise, to be honest the price increases due to inflation in various sectors so as to make entrepreneurs raise the selling price, if they do not do that, they will suffer losses.
Even if there is a reduced supply to the market, it is likely that buyers/distributors reduce their purchase margin because the price is increasing which causes them to buy with certain limits.

If it happened like that, it is likely that there is a hoarding, disappearing some time later after a few weeks come back to the market as usual, even though it drops after an increase but usually will not return to the normal price before being jumped.
Or maybe what is done is a marketing strategy, which makes people panic and then prices soaring up to accumulate more profits, and think that scarcity is real but fake, it is only a framing so that people buy eggs.

In the area where I live, egg production is mostly done by cottage industries in an adjacent radius so that supply is only locally and very rarely experiences scarcity, with prices adjusted independently and almost no government intervention to set standard prices. Most consumers only look at the daily commodity news to get a fair price.

Your topics are the cutest on bitcointalk, like a child playing on the seashore, finds a beautiful pebble and rejoices. Either you will win 50 pounds in a bond, then you will win a 100 pounds bonus from the bank, then eggs have fallen in price. I think you are a very happy person, able to notice the small joys of life and share them. Just keep walking.

There was not an egg shortage at my place but egg prices increased and by this, I mean times two of the actual amount that we buy from when I ask for the reason it was said that the feed of the chicken is now expensive and that is why they try to cost it on the egg production by the chicken.

I know that the egg shortage was a thing because of a serious bird flu outbreak and the harsh policies related to it (if one bird gets sick, all the birds from the same unit are killed). That drew the prices up. But it affected the world unequally, being more pronounced in some places and less in others. Of course, there are always some local differences and some mismanagement that at times can create an abundance of a product (even if it's generally a shortage), leading to sales. It seems that 6 eggs in the UK tend to cost £1.5, and in my home country it's more like £1 (although it's also much more expensive than it used to be). If you get lucky once with a huge discount, it doesn't mean that the whole shortage thing is made up.

In our country, there is no egg shortage, but way back a few months, I don't know if you heard this, we had a shortage of onions, and what makes me angry about that time is that the suppliers are controlling it; they are going to hoard it into their storage, where the price goes up, and then they will then sell it off at a high price. Even the farmer stated at that time that they keep selling and planting onions, so it is impossible to have a shortage, but the government really investigated it and found out there are big suppliers that are hoarding it, and then, in the end, no one got jailed or punished by law. The problem at this time is that consumers are struggling a lot, as it is really needed to cook.