Egg Prices Surge, Impact Businesses
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egg shortageABC News
•Business
Business & Economics
$70,000 more a year for eggs: How price hikes are hurting small businesses
78% Informative
The price of eggs has doubled since January 2024 due to the avian flu.
The USDA predicted that prices might increase 40 percent this year .
Small businesses that rely on eggs, like Ferrara Bakery and Square Diner , are forced to make difficult decisions.
Experts say prices might stay high even if the supply of eggs in the U.S. rebounds.
The nation's largest producer and distributor of eggs has reported soaring profits.
Cal-Maine Foods saw an over three-fold increase in their gross profits in their fiscal year 2023 , at the dawn of the bird flu outbreak.
At The Hungarian Pastry Shop in Manhattan , owner Philip Binioris said he's trying his best not to pass the higher cost of eggs on to consumers.
VR Score
74
Informative language
71
Neutral language
41
Article tone
informal
Language
English
Language complexity
43
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
7
Source diversity
6
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