What does a $6.00 Egg taste like? Economist, Brian Bonar says you may get a chance to find out because the Avian Flu will continue to drive up egg prices.
Most of us have forgotten the H5 avian flu outbreak that impacted 21 states. Prepare yourself for round 2.
A dozen eggs costs us a whopping 80 percent more than a year ago, and according to Brian Bonar, the raging Avian Influenza is going to deliver an even bigger sticker shock through the fall. The highly contagious bird flu resulted in a death sentence to millions of hens, halting egg production. Here’s an About.Me profile of Brian Bonar, as well.
That mass mortality among laying hens has led to the largest increase in egg prices in the US since the ’80s.
Currently, the USDA reports the retail price for a dozen of eggs average between $2.99 to $4.50, but Bonar points out that the disease-carrying birds will migrate as early as October, and we can expect the bird flu to rear its head once again.
Already, this avian influenza has caused ripples that impact the overseas food market.
The egg debacle has also seen price increases in trade between businesses. Wholesale prices have doubled domestically and internationally. “Bird flu is currently a global problem, and the bottleneck is certainly becoming expensive for everyone,” Brian Bonar says.
For the most part, households overlook those small ripples. Consumers tend to glaze over the terms “avian flu” and sick birds” without any real introspection into exactly how it affects them.
Overall, your grocery bill will certainly increase, and if you dine out you’ll probably notice a higher price tag. However small the impact, it all adds up and eats at your disposable income.
How This Egg Crisis Threatens Our Menu
America’s largest Asian restaurant chain, Panda Express has endured drastic consequences – Egg Foo Young has been re-dressed with corn.
Dishes intermingled with eggs have been altered, and even restricted.
Justification: The recipes require too many eggs, and are no longer economical.
Bonar says do not look for a rapid recovery of egg production. According to an analysis by the U.S. Poultry & Egg Association, it will take, in the neighborhood of 18 months to two years to return back to the production of the previous year. Brian Bonar is quite adept at planning and financial strategy.