The global shortage of eggs chicken has been on the agenda in different countries around the world, such as the United States, the United Kingdom, Portugal and New Zealand.
The reasons for the lack of food, however, are varied in each of the countries. THE Money Times summarized the subject for you to understand the subject in four points. Check out:
1 – Avian flu
Us U.San outbreak of avian flu caused the death of around 40 million birds in the country, impacting the relationship between supply and demand in the market.
According to the Los Angeles Times, the price of eggs in California has tripled in the last year, and consumers are finding empty grocery shelves.
2 – War in Ukraine
In European countries, such as the United Kingdom and Portugal, the war in ukraine continues to impact the price of commodities, such as the cornwhich is used in poultry feed.
In addition, the increase in the price of electricity also pressured the production costs of eggs on the mainland.
3 – New rules
The situation in New Zealand it is a little different, as January 1, 2023 was the deadline for poultry producers to migrate to a cage-free breeding and production model.
The process was gradual, starting in 2012 and with a deadline to end this type of production this year. Even so, the cost of production rose, and producers could not cope with the demand for eggs in the country.
4 – What about Brazil?
Ricardo Santin, president of the Brazilian Association of Animal Protein (ABPA) and member of the board of directors of Instituto Ovos Brasil, says that there should be eggs this way.
“Brazil is not suffering because of this [escassez de ovos]. We never had avian influenza and we suffered with the cost problem more strongly in 2020, due to the drought”, recalls the executive.
In December of last year, egg inflation in Brazil had accumulated a high of 18% in the previous 12 months, according to data from the IPCA (Broad Consumer Price Index).
*With information from BBC Brazil
Know more! IBOVESPA 2023 PERSPECTIVES: HOW WILL THE COMPANIES YEAR BE? IMPACT OF THE BRAZILIAN ECONOMY ON THE INDEX!
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.