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How does bird flu affect food supply chains?
The bird flu outbreak has led to the culling of millions of egg-laying hens, drastically reducing the supply of eggs in the market. This significant drop in supply, combined with ongoing demand, has resulted in skyrocketing prices. Additionally, the consolidation of the egg market means that fewer companies control the supply chain, which can exacerbate price increases during crises.
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What are the long-term effects of bird flu on poultry prices?
The long-term effects of bird flu on poultry prices could include sustained higher prices for eggs and chicken as the industry works to rebuild flocks. If outbreaks continue or if consumer demand remains high, prices may not return to pre-crisis levels for some time. Furthermore, the consolidation of the market may lead to less competition, potentially keeping prices elevated.
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Are there any government measures to control egg prices?
Currently, there are calls from advocacy groups and lawmakers for government investigations into potential price gouging amid the crisis. While the Justice Department is looking into the situation, it remains unclear if any significant legal actions will be taken. Government measures may include monitoring prices and ensuring fair practices among suppliers.
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Why have egg prices reached $4.95 per dozen?
Egg prices have reached an average of $4.95 per dozen due to the severe impact of the bird flu outbreak, which has led to a significant reduction in supply. The combination of high demand and limited availability has forced prices to more than double compared to previous years, causing financial strain on consumers.
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What role do corporations play in the current egg price crisis?
Powerful corporations that control the egg supply chain have been criticized for potentially profiting from the crisis. Reports suggest that these companies are making windfall profits as prices rise, raising concerns about monopolistic practices and the impact on consumers. This has sparked political discourse about corporate accountability during times of crisis.
