U.S. egg prices increased again last month to reach a new record-high of $6.23 per dozen despite President Donald Trump’s predictions, a drop in wholesale prices and no egg farms having bird flu outbreaks.
The price went up 5X in a year and there is no shortage. You can always find rice in the store.
I can’t find the link, but there was a big online discussion about this phenomenon. There is a shortage at the wholesale level. And it’s reshaping how these basic commodities are distributed. You don’t see it because you’re high enough on the income pyramid that “shortage” is revealed as “higher price to discourage consumption” rather than “oops, none left”.
But I’m willing to bet you’re going to see certain manufacturers that consume large volumes of lower grade rice (rice candy, rice alcohol, etc) taking a huge hit as their nearly-free commodity dries up.
Either way, there’s stock on the shelves in no small part because bulk buyers are being priced out.
I can’t find the link, but there was a big online discussion about this phenomenon. There is a shortage at the wholesale level. And it’s reshaping how these basic commodities are distributed. You don’t see it because you’re high enough on the income pyramid that “shortage” is revealed as “higher price to discourage consumption” rather than “oops, none left”.
But I’m willing to bet you’re going to see certain manufacturers that consume large volumes of lower grade rice (rice candy, rice alcohol, etc) taking a huge hit as their nearly-free commodity dries up.
Either way, there’s stock on the shelves in no small part because bulk buyers are being priced out.
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