Egg prices drop from oversupply after avian flu shortages, squeezing producer margins amid rising costs
By
Brandon Gomez
23h ago· 3 min readenNews
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Summary
Egg prices are dropping due to oversupply after last year's avian flu-driven shortages, providing relief for consumers. However, egg producers are facing squeezed margins as input costs for feed, fuel, and labor continue to rise. The market has swung from scarcity to surplus, and while shoppers benefit from lower prices, producers like Pete & Gerry's CEO Thomas Flocco warn that cost inflation is eating into their profitability.
Key quotes
· 2 pulledA year ago, all anybody could talk about was how expensive eggs were because a lot of birds were unfortunately lost.
We now have an oversupply situation, which is why you're seeing prices come down.
Egg prices are plunging from oversupply after avian flu shortages, but producers say persistent feed, fuel and labor costs are squeezing margins.
