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Egg prices in the United States fell nearly 13% in April, marking the largest one-month decline since 1984, according to the Bureau of Labor Statistics. The average price for a dozen large white eggs was about $3.30, though prices remain nearly 50% higher than a year ago, before the recent bird flu outbreak.
The drop in egg prices follows a record high in March, when the average price for a dozen Grade A eggs reached $6.23. The decline comes as fewer bird flu outbreaks have been reported, helping to stabilize the egg supply. In February, there were 59 outbreaks at commercial poultry operations, which decreased to three in April, according to NPR.
Despite the recent price drop, experts urge caution in interpreting the data. Stephen Kates, a financial analyst for Bankrate, told Business Insider that while lower prices are a relief, they do not fully reflect the impact of the bird flu epidemic, which has significantly raised prices over the past year.
The U.S. Department of Agriculture has invested $1 billion to help farmers improve biosecurity measures to combat bird flu. Additionally, the U.S. has increased egg imports from countries like South Korea, Turkey, and Brazil to boost supply.
Looking forward, David L. Ortega, a professor of food economics and policy at Michigan State University, believes egg prices may continue to fall in May and June as consumer demand decreases post-Easter. However, he cautions that prices could rise again if bird flu outbreaks expand.