I thought there was an egg shortage.

[Faisal2202]

I thought there was a global panic over egg supplies. Not so long ago they were rationing sales. .....

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).

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[karabiber]

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?

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.

[mvdheuvel1983]

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.

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.

[coin-investor]

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.

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.

[philipma1957]

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

[dezoel]

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.

[DaveF]

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://bitcointalk.org/index.php?topic=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

[Aanuoluwatofunmi]

I thought there was a global panic over egg supplies.

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.

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.

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.

[AicecreaME]

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.

[Wend]

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.

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.

[mich]

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.

[Fiatless]

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.

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.