REPORT: Egg prices skyrocket as a result of Coronavirus

Sign up for our newsletter
BY TEAM DML / MARCH 25, 2020 /

GET the DML NEWS APP (FREE) Click Here

Below is a report that DML News App gives a 4 OUT OF 4 STARS trustworthiness rating. We base this rating on the following criteria:

  • Provides named sources
  • Reported by more than one notable outlet
  • Does not insert opinion or leading words
  • Includes supporting video, direct statements, or photos

Click here to read more about our rating system.

As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by TheHill.com:

The egg industry has ratcheted up prices in response to short supplies and heavy demand from panic-buying consumers during the coronavirus outbreak.

CNN reported Wednesday that wholesale egg prices have increased 180 percent since the beginning of March, which the Department of Agriculture noted in its weekly report. Sales of the product are up 44 percent over this time last year, according to Nielsen data.

The article goes on to state the following:

REPORT: Coronavirus threatens to wipe out California’s $21-billion surplus

“Shell eggs are clearing retail outlets at a brisk pace and grocers are seeing little necessity in conducting feature campaigns as the product is virtually selling itself,” the Department of Agriculture said.

A spokesperson from one supermarket chain told CNN, “It is unconscionable that the egg industry has doubled prices because of increased demand. It is hitting low-income New Yorkers the hardest, as so many have lost their jobs working in restaurants and hotels.”

To get more information about this article, please visit TheHill.com. To weigh in, leave a comment below.

DML News App offered you the above aggregated article preview as part of our ongoing effort to educate and inform people around the world about news, events, and politics. We encourage you to obtain additional information by visiting TheHill.com

Sign up for our newsletter

GET the DML NEWS APP (FREE) Click Here

Leave a comment

Your email address will not be published. Required fields are marked *