The traditional Easter egg hunt turned into the search for cheaper eggs this year as fewer retailers shell out deals.
A dozen eggs cost an average of $4.211 in February, compared to $2.005 at the same time last year. February's average was down from the all-time high of $4.
"Eggs continue to clear store shelves with retailers reluctant to incentivize additional buying ahead of Easter to maintain a consistent offering," the report added. Unlike past years when egg deals were the norm, "retailers remain cautious of the supply situation fearing renewed outbreaks of avian influenza," the USDA wrote.Brian Moscogiuri, global trade strategist at Eggs Unlimited — an egg supplier based in California — told Axios that the market has been "crashing over the last few weeks."
"Dollar Tree pulled eggs off their shelves, some stores have placed limits on the number of dozens people can buy, buyers took inventory early and there weren't many features for the holiday," Moscogiuri said.reports, in a move that is expected to be temporary.U.S. consumers will spend a record $24 billion on Easter this year, up from $20.8 billion last year, including $7.
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