Egg Shortage Due to Avian Flu

SOURCE www.ibtimes.com
Egg shortage caused by avian flu prompts grocery stores like Costco and Trader Joe's to limit purchases. Prices have risen by 14% and are expected to increase by 20% due to over 40 million bird deaths last year.

Key Points

  • Avian flu led to over 40 million bird deaths last year.
  • Prices of eggs rose 14% from November to December and are expected to increase by another 20% this year.
  • Waffle House imposed a 50-cent surcharge per egg due to rising costs.

Pros

  • Limiting purchases ensures more customers have access to eggs.
  • Awareness of the avian flu outbreak may lead to preventive measures to control its spread.

Cons

  • Price increases and surcharges may result in financial burden for consumers.
  • Panic buying and hoarding can lead to further shortages.