Analyst: Wholesale Egg Prices Plunge, Shoppers May Soon See Relief
The price for wholesale eggs has dropped over 40% since late February. This reduction occurs as we've seen a break from significant bird flu outbreaks since early March and a decline in consumer demand, factors that have contributed to an initial recovery of the country’s egg supply. In February, retail egg prices reached an all-time peak. However, it remains uncertain as to how quickly, and by how much, these prices will decrease. Wholesale egg prices have dropped considerably over the past few weeks, a trend that could shortly provide respite for shoppers. shell-shocked by record-high prices At the supermarket this year. The speed at which—and the extent to which—retail prices will decrease remains uncertain, according to experts. On Friday, wholesale prices fell to $4.83 per dozen, marking a 44% decrease from their high of $8.58 per dozen on February 28, as reported by Expana, a company monitoring agricultural product costs. The decline is occ...