Egg prices surge amid bird flu

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record egg prices

VOA

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Business

Business & Economics

Are egg producers inflating prices during bird flu outbreak to boost profits?

Summary

Nutrition label

73% Informative

Some 30 million egg layers have been wiped out just since January , disrupting egg supplies.

The number of egg layers has dropped by about 12% from before the outbreak to 292 million birds.

"Our farmers are in the fight of their lives, period, full stop," American Egg Board President Emily Metz says.

Inflation in the costs of feed, fuel and labor have contributed to rising egg prices, and farmers have been investing in biosecurity measures to help keep the virus away. So production costs also appear to be at an all-time high, according to the U.S. Bureau of Labor Statistics' producer price index. "This isn't a case where they're taking the price up to gouge the market. It is the price is going up through auction at wholesale. And they're benefiting from higher prices because supplies are tight," University of Arkansas agricultural economist Jada Thompson said..

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful