Topic: I thought there was an egg shortage. - page 4. (Read 480 times)
Usually the price of a product rises when there is a shortage of production, increase in demand or after production costs are affected by inflation. Especially since I live in a country that consumes a lot of eggs I can easily say that there is no shortage of eggs at the moment because there has not been any decrease in egg stocks in the markets. In addition, there was no decrease in the meal or dessert options made with the use of eggs. For this reason, it is necessary to consider the possibility that the egg shortage you mentioned may be due to the location you live in or that the prices may have changed due to the inflation problem which has become a serious problem in nowadays. Finally, I would like to add that apart from my own observations I have not see across an article or news stating that there is an egg shortage problem that has affected the whole world.
I thought there was a global panic over egg supplies. Not so long ago they were rationing sales. This morning I bought some boxes of 6 big and fresh eggs for just 21 pence. The normal price is £1.40. It just shows how food prices and distribution is being manipulated to rip us off. That is if we aren't aware and exploiting the situation for our own benefit. The eggs were on sale at a m ajor Asda supermarket in Hampshire, England.
It costs me 1,89 € to buy six egg in Germany, in Bavaria. I workout and when I'm bulking, I have to eat tons of eggs, chicken breast, fish and it's very expensive experience, especially after the start of war between Russia and Ukraine.Btw I thought that prices in the UK were far worse than in Germany, at least that's what I hear all the time since Brexit and Russia-Ukraine war.
@stompix you are an expert in Europe-related tasks, how are the prices in your country?
By the way you can't imagine how cheap things are in Turkey. I was there recently and while there is a huge inflation, product prices aren't increased that much, for 10 Euro I was able to buy tons of food, I'm really shocked.
Hoarding issues and monopoly I guess. Also, it would be impossible to have a global shortage with eggs, it is more likely to happen in a city or country but not as wide as global. Hoarding issue happens to many marketable goods. Inflation on tbe other hand is a different story wherein it affects majority of the world market concerning market prices. Based on what I have observed, if it is shortage with agricultural products then it would only last for a month or more, but if it is with minerals then that would be for a long period of time. This is because of resources wherein agricultural products can be 'cultured', which is a reason for us to not panic in some instances.
In this recent world order, every country has their poultry to produce egg so what has happened was not a global issue but a National Inflation. Like my country a crate or a dozen of eggs (12 eghs) was sold $1 as of 2000 to 2020 but suddenly from 2021 till a dozen of eggs is sold $4 and above. Egg which was bought by the lower class is no longer the lower class food again. It is now meant for the middle class and above. The inflation is touching everything and everywhere in the globe.
I thought there was a global panic over egg supplies.
There's no panic about egg supply in my country. The price of eggs have gone up but it is still readily available for you to buy whenever you need it simply because so many people are involved in the agricultural practice of rearing poultry birds. It is easy to understand why the price of the eggs have gone up and it is because the price of poultry feed and transportation has also increased. The egg shortage was due toQuote
food shortages, rising energy costs, and bird flu
(https://www.standard.co.uk/news/uk/egg-shortage-supermarkets-bird-flu-cost-of-living-b1040104.html)
Rising energy cost will affect many farmers in the UK because they depend on it. Farmers in my country may not even be connected to any electricity grid, but have local methods of running a poultry farm effectively.
I thought there was a global panic over egg supplies. Not so long ago they were rationing sales. This morning I bought some boxes of 6 big and fresh eggs for just 21 pence. The normal price is £1.40. It just shows how food prices and distribution is being manipulated to rip us off. That is if we aren't aware and exploiting the situation for our own benefit. The eggs were on sale at a m ajor Asda supermarket in Hampshire, England.
I guess it depends where you're living. If there's a shortage in your area then that's for sure will make the price higher. AFAIK, when the war of Russia and Ukraine has started it was like a domino effect coming from grains, flour and other ingredients and then almost everything went up. I also started to feel that the eggs can't skip that effect because it has increased a few cents where I am buying that. It's doubled the amount from how much I was buying it before but then it was just cents.
It's hard to say because that sounds like a very domestic situation not a global one. Not to mention just because you bought some eggs one time and on sale that doesn't mean there are no problems.
I did some quick search and considering the official UK stats are talking about a 24.6% reduction in production of eggs compared to last year, it is understandable to expect some shortage.
But also we should consider other factors including the ongoing cost of living crisis in UK, decreased income, unemployment and increased price of everything from energy and rent to food. These things have affected the the demand for eggs (and basically everything else) which means decreased demand that could potentially negate the ~25% drop in production and solve the shortage problem.
Unless I'm missing something the price on their website shows a price of about £1.50 for 6 "medium" eggs and £2.5 for organic ones.
https://groceries.asda.com/product/free-range-eggs/asda-6-medium-free-range-eggs/20511
https://groceries.asda.com/product/organic-eggs/asda-organic-free-range-6-mixed-eggs/910000053377
I did some quick search and considering the official UK stats are talking about a 24.6% reduction in production of eggs compared to last year, it is understandable to expect some shortage.
But also we should consider other factors including the ongoing cost of living crisis in UK, decreased income, unemployment and increased price of everything from energy and rent to food. These things have affected the the demand for eggs (and basically everything else) which means decreased demand that could potentially negate the ~25% drop in production and solve the shortage problem.
This morning I bought some boxes of 6 big and fresh eggs for just 21 pence. The normal price is £1.40.
The eggs were on sale at a major Asda supermarket in Hampshire, England.
Are you sure they were fresh? Place them in water, they should not float to surface. Also check their production date, when the products are close to expiration date these big super markets practically give them for free.The eggs were on sale at a major Asda supermarket in Hampshire, England.
Unless I'm missing something the price on their website shows a price of about £1.50 for 6 "medium" eggs and £2.5 for organic ones.
https://groceries.asda.com/product/free-range-eggs/asda-6-medium-free-range-eggs/20511
https://groceries.asda.com/product/organic-eggs/asda-organic-free-range-6-mixed-eggs/910000053377
I thought there was a global panic over egg supplies. Not so long ago they were rationing sales.
There is always a sales manipulation of the price of consumable goods since those goods' prices are not regulated, and I actually don't think the panic price increase of eggs has anything to do with demand or supply; all I see is a group of sellers trying to make more money from their sales. Layers have nothing to do with the economy aside from their feed price increase.
Here in my country, the price is always changing; there's no fixed price; it always varies based on the shop you visit to get them, and they are sold out based on the size, which wasn't so before. I think it's just business as usual for egg sellers since every other good is topping something in price; they don't just want to be left behind.
I thought there was a global panic over egg supplies. Not so long ago they were rationing sales. This morning I bought some boxes of 6 big and fresh eggs for just 21 pence. The normal price is £1.40. It just shows how food prices and distribution is being manipulated to rip us off. That is if we aren't aware and exploiting the situation for our own benefit. The eggs were on sale at a m ajor Asda supermarket in Hampshire, England.
Who is ripping you off? Is it not the same country where you got the notion of an inflated commodity that you bought the same eggs? Well, you should know that countries' economy is dynamic, what you bought cheaply today might not be so the next day, and vice versa. It's you that should be conversant with the market reality and also consider the location. Locations have different prices, and you might need to ascertain if you are buying at a wholesale outlet or from a retailer. 
Looking deep into what you said seems to be true the rate at which the price of eggs suddenly increase in State is something one should suspect of being a Global shortage. It was normally $0.093 (NGN 70) per egg and a crate of eggs was around $2.8 (NGN 2,100) in a medium size eggs while larger size was around $3.1 (NGN 2,356) as of last year, getting to this year the price has suddenly increased to 30 percent, where a piece of $0.13 (NGN 100). I was like could it be that the request for chicken is much in a way that leads to the increase of the price?
All price above is converted to dollars with a current price of NGN 760 = $1, this is to show food prices are increasing every single months and year also by the next 2 years to come we may likely see a crate of egg at the rate of $5.
All price above is converted to dollars with a current price of NGN 760 = $1, this is to show food prices are increasing every single months and year also by the next 2 years to come we may likely see a crate of egg at the rate of $5.
I do not think it was a global issue and for the most parts it is alleged that the big retail companies were gouging prices due to all the talk about shortages and possibly they were exaggerating the effect.
- Jay -
- Jay -
I thought there was a global panic over egg supplies. Not so long ago they were rationing sales. This morning I bought some boxes of 6 big and fresh eggs for just 21 pence. The normal price is £1.40. It just shows how food prices and distribution is being manipulated to rip us off. That is if we aren't aware and exploiting the situation for our own benefit. The eggs were on sale at a m ajor Asda supermarket in Hampshire, England.
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