Nice news in time for Easter. It turns out that egg prices are on the decline for the first time in a year!
Egg prices ticked down for the first time in nearly a year during the first two weeks of April, the data analytics firm Earnest Analytics said Monday. Across 15 brands, a dozen eggs cost an average of $7.30 from April 1 to 13th, down 1.6% from a record $7.50 in March, Earnest said.
More relief may be on the way, with wholesale prices falling more than 20% from February to March, according to the US Bureau of Labor Statistics.
Consumers have lately cut back on egg purchases amid soaring prices, according to Earnest, which estimates sales in March fell more than 11% year-over-year. Federal authorities have also been monitoring egg prices, with the Department of Justice Department launching an investigation into alleged price gouging and requesting information from Cal-Main Foods (CALM). Cal-Maine, the largest US egg supplier, said earlier this month that it’s cooperating with the probe.
Read the rest of the story here.
Another story on the price of eggs falling is here on Yahoo News.
AUGUSTA, Ga. (WJBF) – Easter Weekend means many of you will be dyeing Easter eggs. And the cost of eggs is coming down just in time for the holiday.
Although egg prices are lower than two months ago, some local stores are struggling to get and keep eggs in their stores.
Lanier’s has only been able to get one case for each shipment. Sometimes, they come in broken, so only a few dozen can be put out for their customers. The good news is that the price of those eggs has decreased dramatically over the past two weeks — From 8-99 a dozen to the current price of 5-99.
“It’s really been a hindrance on getting the eggs and trying to keep them in stock,” said Arrie Towner, Store Manager at Lanier’s Fresh Meat Market. “I’ve never seen where I could get one case of eggs. Like that’s really been unheard of, and I’ve been buying for like ten years.”
The Earth Pantry gets its eggs from a local farmer. The owner says that has helped her keep her prices lower. She told me she had been called the hidden gem in the area.
“We have one of the lowest egg prices in town, and as people come in and realize they’re like, ‘oh, I got to get eggs here,’ we sell out really quickly,” said Alexia Redman, Owner and Founder of The Earth Pantry. “We get eggs every Tuesday around noon, and they’re usually gone by Wednesday afternoon.”
At Fresh Take, sales have increased since prices started dropping. The assistant manager is unsure if this has to do with Easter and people wanting to dye eggs or the prices.
1 comment:
Oh- MSM and Yahoo.
In TX the egg prices have been going down for at least a month.
At HEB (big TX chain) Weds. a dozen eggs cost $3.68 IIRR.
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