Overview:
The following table showcases the average price of white eggs for each month in 2024 compared to 2023. We’ll break down the significant percentage changes where data is available and highlight key trends.
| Month | 2024 | 2023 | % in Price |
|---|---|---|---|
| Jan | 398 | ||
| Feb | 268 | ||
| Mar | 263 | ||
| Apr | 251 | ||
| May | 251 | 279 | -11% |
| Jun | 245 | 249 | -2% |
| Jul | 256 | 251 | 2% |
| Aug | 272 | 291 | -7% |
| Sep | 304 | 294 | 3% |
| Oct | 311 | ||
| Nov | 330 | ||
| Dec | 351 |
Key Observations
-
May 2024: Significant Drop in Prices
May saw one of the sharpest declines, with a -11% drop compared to the same month in 2023. This might be attributed to higher production or lower demand during that period, causing the prices to fall. Egg producers and retailers may need to investigate this drop, as it could reflect overproduction or temporary market saturation. -
June 2024: Minimal Decrease
June experienced a -2% drop from the previous year, a much smaller decline compared to May. This could suggest a period of market stabilization following the sharp price drop in May, signaling a potential recovery in the market. -
July 2024: Prices Rise Slightly
After months of decline, prices rose by 2% in July compared to 2023. This increase could be due to the summer months seeing a rise in consumer demand or changes in production costs. Historically, mid-year months can bring slight increases as the demand for fresh produce often spikes. -
August 2024: Another Drop
Despite the rise in July, August showed a -7% decrease in prices compared to 2023. This fluctuation might be linked to changes in production or transportation costs. The decrease could also point toward efforts by retailers to lower prices to attract more buyers or clear out inventory. -
September 2024: Market Recovery
By September, the prices had again risen, this time by 3%, showing that the market might be correcting itself following the earlier drops. As summer ends, supply chains could be stabilizing, and demand may have increased as consumers prepare for the fall season.
