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Egg prices rise but stay below cost
Egg prices have seen a significant increase in the market, with the price of a tray of farm-fresh eggs rising to around 110 pounds from 70 pounds two weeks ago. This surge is due to higher production costs and the expenses involved in poultry farming. The current selling price is still below the production cost, which exceeds 115 pounds, indicating that producers are incurring losses when selling directly from the farm. Experts attribute the rise to the increased prices of feed ingredients, especially corn and soybeans, which have jumped between 30% and 40% over ten days. Additionally, global costs, maritime transportation, and insurance have contributed to the overall increase, leading to the consumer price of a tray of eggs reaching between 125 and 130 pounds.
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