In disregarding the prophecies of the United States President Donald Trump, the prices of US eggs re-increased last month, despite the fall in wholesale prices, to reach a new record-high of $ 6.23 despite the fall in wholesale prices and no egg fields in bird flu outbreaks.
The increase in the consumer price index on Thursday means that consumers and businesses who rely on the eggs should not estimate immediate relief. The demand for eggs usually increases until the Easter, which falls on April 20.
Industry experts were expecting the index to reflect the fall in retail egg prices as the prices of wholesale eggs fell significantly in March.
Is Canada’s supply management system working amidst ongoing food inflation?
Bird flu outbreaks were quoted as a major cause of price spikes in January and February, so that chickens laying more than 30 million eggs were killed to prevent the spread of the disease.
Some farms that fell, they are resumeing egg production after cleaning their barn and increasing new herds.
Trump tried to take credit for the lower wholesale egg prices of the US Agriculture Department reported in recent weeks. But experts say that the President’s plan to fight bird flu by focusing on strengthening the rescue of egg farmers against the virus is likely to be higher with long -term help.
& 2025 Canadian press copy