The prices of eggs in supermarkets reached a record in March despite less avian flu sprouts and wholesale costs, indicating that retailers could resist passing through the lowest prices.
The average consumption price for egg boxes reached $ 6.23 in March, a jump of 5.9% from the previous month, and a huge 60.4% rise during the past year, the labor statistics office said Thursday.
That is despite the fact that wholesale prices have a leg drop in recent weeks.
Registered stores may not have immediately passed the lowest prices to consumers, said Jada Thompson, an agricultural economist at the University of Arkansas, Associated Press.
And the largest producer of eggs, Cal-maine, earlier this week confirmed that it is being investigated by the antimonopoly division of justice departments in egg price increases.
When egg prices shot earlier this year, the bird flu sprout touches the blame. More than 30 million viable chickens in the United States were killed to prevent the disease from spreading.
But the number of birds killed in March fell to 2.1 million, and none of them was on egg farms, according to Associated Press.
In response, national wholesale prices began to fall, with the average of large white eggs falling as low as $ 3.26 for boxes as or April 4, according to the Department of Agriculture.
That is less than $ 6.85 for boxes as of March 7, and a call of $ 8.15 in February, the USDA said in a report.
Buyers in some areas, particularly in the New York and New Jersey area, disbursed much more for an egg cardboard, facing price labels of up to $ 12 for boxes.
Although the consumer price index for meats, poultry, fish and eggs increased 1.3% nationwide in March, increased 8.9% in the New York and New Jersey area, a substantial increase in its 0.4% increase the previous month, according to the DAT Government.
It is likely that Americans feel relief in the short term, since Soing’s demand before Easter holidays, along with President Trump’s rates, threaten to keep the highest prices for longer.
The United States will need approximately 180 million additional eggs to fill its Easter baskets, and another 30 million for Easter, according to an analysis when trading Pedia, a personal finance site.
“However, the current trade war could endanger egg imports and boost prices just when they have begun to be relieved,” Tradingpedia said in a note.
He thought Trump announced on Wednesday that it was temporarily higher rates in most nations, maintained a tax on 10% in place, which could increase egg import prices.
Despite the supply and price of prices, the annual Easter eggs in the White House with real eggs, not plastic eggs, Trump said last week.
“They were saying that for Easter,” please don’t use eggs. Could you use plastic eggs? “I say we don’t want to do that,” he said.
