Egg Prices Surge 334% to Become World's Fastest-Rising Food Commodity

Egg Prices Surge 334% to Become World's Fastest-Rising Food CommodityChicken eggs recorded the world's largest price increase among food commodities in July, soaring on the U.S. market as bird flu outbreaks severely disrupted supplies. At the same time, Russia experienced the opposite trend, with egg prices falling because of excess domestic production. Photo: https://www.flickr.com/photos/53255320@N07/6790188871/ by 16:9clue, https://creativecommons.org/licenses/by/2.0/ EggsBird Flu Drives Record Egg Price Surge in the United StatesAccording to data from the COMEX exchange cited by RIA Novosti, egg prices jumped an extraordinary 334% during July, making them the fastest-rising food commodity worldwide. The dramatic increase in U.S. egg prices followed widespread outbreaks of highly pathogenic avian influenza. Domestic egg prices fell 9.6% month over month in June, making eggs the biggest price decliner in the country's food sector.