Wholesale Egg Prices Drop 40% as Bird Flu Eases, But Retail Costs Stay High

Benzinga

According to CNBC, wholesale egg prices have plunged over 40% since February. The decline follows easing bird flu outbreaks and weaker consumer demand, helping supply recover. Retail prices remain high, with consumers paying an average of over $5.00 per dozen in February. Consumers have been buying fewer eggs due to high prices and grocery store restrictions, easing supply shortfalls. Experts say it is unclear how quickly retail prices will follow wholesale declines.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street. Wholesale egg prices have plunged over 40 percent

00:05from their February peak, according to CNBC. Decline follows easing bird flu outbreaks and

00:10weaker consumer demand, helping supply recover. Retail prices remain high, with consumers paying

00:15an average of over $5 per dozen in February. Consumers have been buying fewer eggs due to

00:20high prices and grocery store restrictions, easing supply shortfalls. Experts say it is

00:26unclear how quickly retail prices will follow wholesale declines. For all things money,

00:30visit Benzinga.com slash GSTV.

Category

Transcript

Comments

Recommended