The price of a dozen eggs fell by more than 50% from the 10-year high price seen in February to late March, as the United States imports hundreds of millions of eggs from South Korea and Turkey.
“The supply situation at grocery outlets has greatly improved in recent weeks and consumers are once again seeing fully stocked shelves and enjoying a range of choices without purchase restrictions,” the USDA report read.
The USDA said lower demand for eggs has allowed producers to “build supplies on the spot market, enough to increase production levels to a 3-month high.”
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While prices continue to drop, the USDA said it could take up to three weeks for wholesale price changes to be reflected in the retail market.
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