US Egg Prices Hit Record High as Avian Flu Outbreak Bites

Egg prices in California are soaring, with grocery stores charging $9 or more for a dozen eggs. The average price has nearly doubled since last year, reaching a record high of $4.95 in January.

The surge is largely due to an avian flu epidemic that has killed over 21 million chickens, including 13 million in December alone. This has reduced the population of conventionally caged chickens by 8%. The US Department of Agriculture has confirmed outbreaks in eight states, including California.

“This virus is historically unprecedented,” said Sanjay Sharma, adjunct professor at USC’s Marshall School of Business. “The reason for the egg shortage is very clear. Birds are getting this flu and they have to be culled as quickly as possible.”

California relies heavily on its own production of eggs, with 40% of consumed eggs coming from within the state. The shortage has led to prices rising by 15% over the last four weeks.

Egg prices are expected to return to normal once the chicken population is replenished and eggs are being produced at a normal rate. However, experts warn that this could take months, and there’s a risk of bird flu continuing to spread among new flocks.

To save money on eggs, experts advise against hoarding and suggest doing research before making purchases. Meanwhile, several grocery items have become more expensive, including ground beef, milk, and fresh chicken. If tariffs on Mexico, Canada, and China are implemented successfully, produce prices could soar.

The situation highlights the challenges of maintaining a stable food supply in the face of disease outbreaks and global trade policies.

Source: https://www.yahoo.com/news/california-center-countrys-egg-mess-181700828.html