Avian Flu sends egg prices going through the roof in most states across the United States of AmericaMd Noman Siddique (Author) Published Date : Jun 12, 2015 15:11 IST
Although it is an inevitable outcome with millions of birds having been culled across the nation, supply of eggs was bound to suffer sooner than later. Whatever was available in the supply chain prior to the outbreak appears to have been completely exhausted and now egg prices are not just firming up, but going through the roof. In most places, a dozen of eggs have become dearer by at least $1 dollar. But, many believe that this could well be the beginning of a price spiral for eggs and it could continue climbing throughout the rest of the year.
It is not just the home makers that are worried. From pastries to ice creams there are a whole lot of small and large scale food product manufacturers who are more worried about the availability of eggs than the price itself. This is pretty understandable since over 51 million birds have been euthanized. As though in confirmation, the USDA has predicted that the nation will produce some 129 million eggs less during the 4th quarter, than what it produced during the same period last year.
Nearly an year ago, $1.42 was the price of a dozen eggs and now we need to cough up more than double the price in some cities and states. The USDA however expects that the price for a dozen eggs will stabilize below $2 and the present trend will be only temporary.
Those in the manufacturing sector are however less worried since they know that egg prices are bound to fluctuate and egg is only one of the many components that go into the final product. There is also the consolation that any abnormal rise can always be passed on to the consumer.
As for the avian flu itself, authorities opine that it could well be another 5 years before the virus can be contained.
Meantime, North Dakota which is also among the states severely affected by the Avian Flu, quarantines have been lifted. Upcoming poultry competitions also are expected to be lackluster because of the widespread incidence of bird flu. Organizers of these events are also concerned that some of the wild birds like swans and ducks may perhaps cause another outbreak.
With the onset of summer, many are hoping that the Avian Flu will stop spreading and the virus will start dying due to the heat and sunlight.
Avian Flu sends egg prices going through the roof in most states across the United States of America