With egg prices more than doubling in the past year, calls are coming for an investigation into possible price gouging. The spike in egg prices has been attributed to the millions of chickens that were slaughtered to limit the spread of bird flu.
But trade groups say egg prices are largely determined by commodity markets, and experts say the bird flu outbreak — combined with the skyrocketing cost of fuel, feed, labor and packaging and continued strong demand for eggs — is the real culprit for the price increases.
Purdue University agricultural economist Jayson Lusk said “in my view, the basic economics of the situation well explain the price rise.” He said small reductions in egg supply can result in large price increases because consumer demand for eggs doesn’t waiver much.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Why some cars from the 1990s are soaring in valueNot that long ago, cars from the 1990s were just used cars. Many of these cars have crossed the threshold to becoming sought after collectibles with rising values in the car collecting world.
Weiterlesen »
Bay Area families adding chicken coops to backyard to combat soaring egg pricesIt's a problem for families across the country: the rising costs of eggs on top of other inflationary surges
Weiterlesen »
Iowa State commit throws down insane between-the-legs dunk during gameOmaha Biliew, who committed to play for the Iowa State Cyclones, threw down a ridiculous between-the-legs slam dunk during a game for Waukee Senior High School in Iowa.
Weiterlesen »
Energy support, debt interest help to swell UK borrowingBritain's government borrowed more last month than in any December since monthly records began 30 years ago, reflecting the huge cost of energy support, soaring debt interest linked to rising inflation.
Weiterlesen »
LDO Price Makes Another Spike, Lido's DeFi Dominance Hits 17%$LDO price hits another milestone as Lido dominates DeFi lidofinance ldo ethereumnews ethereum pos eth lido lidodao $eth
Weiterlesen »
School Resource Officer Has Personalized Chokeslam For Every StudentOMAHA, NE—In effort to provide each student with specialized attention, local school resource officer Tony Wahl confirmed Tuesday that he had a personalized chokeslam for everyone at Benson Magnet High School. “They love it,” said Wahl, pounding a fist into an open hand as he waited at the door for the line of…
Weiterlesen »