Egg Prices Expected To Decrease Around 2.8% This Year

A hen stands next to an egg, Jan. 10, 2023, at a farm in Glenview, Ill. Egg prices are at near-historic highs in many parts of the world as the spring holidays approach, reflecting a market scr

Egg prices are soaring globally as the spring holidays draw near, driven by a combination of factors including disease outbreaks, high demand, and increased costs for farmers. This marks the second consecutive year that consumers are facing elevated prices ahead of Easter and Passover, both of which traditionally involve significant egg consumption.

While current global egg prices are lower than last year, they are still notably high and are not expected to return to 2021 levels anytime soon. In the United States, the average price for a dozen eggs in February was $2.99, down from $4.21 in 2021 but significantly higher than the $1.59 consumers paid in February 2021. Similarly, in Europe, egg prices are about double what they were in 2021, despite being 10% to 15% lower than last year.

One major factor contributing to the high egg prices is the prevalence of avian flu outbreaks. These outbreaks have been reported in various regions since 2020, resulting in the deaths or culling of millions of poultry worldwide. The impact of avian flu on egg prices is further exacerbated by the time it takes for farms to replenish their flocks, leading to lower supplies and increased prices in the interim.

Consumers facing elevated prices ahead of Easter and Passover due to significant egg consumption.

Global egg prices soaring due to disease outbreaks, high demand, and increased costs.

US average egg price in February was $2.99, significantly higher than 2021 but lower than last year.

Additionally, rising costs for farmers, particularly in terms of feed prices, have put pressure on egg prices. Factors such as weather conditions, COVID-related disruptions, and the conflict in Ukraine, which has driven up the prices of essential crops, have all contributed to the overall increase in egg prices.

Despite the challenges faced by farmers and consumers, experts anticipate that egg prices will eventually stabilize. Short-term fluctuations are expected to ease as holiday demand subsides, and improved biosecurity measures should help mitigate the impact of avian flu outbreaks. While consumers may continue to experience higher egg prices in the near future, projections suggest a slight decrease in prices in the coming year, providing some relief to both producers and consumers.

Overall, the egg market remains dynamic and responsive to various factors, with prices expected to adjust over time to reflect changing conditions and demands.