If there’s a piece of news that might crack you up—whether in laughter or distress—is that eggs prices have been on the rise.
Just to be clear though, the chickens are perfectly fine, they didn’t contract any influenza or anything, it’s just that the costs for the chicken feed and general logistics have increased, alongside the rise of inflation.
Addressing the Reasons
To get to the yolk of things, it’s partially because of the rising energy prices and the Russo-Ukraine war.
Many things in the supply chain needs energy sources: tractors that help harvest wheat and grains that make up the chicken feed, the petrol and diesel for transportation, the electricity that powers the packaging factories and the chicken coops, so on and so forth…
You can watch this video to understand how this will affect us:
Humans are incredibly energy-dependent, so changes in international crude oil prices, especially so abruptly, tend to lead to the price of goods and services increasing correspondingly.
Plus, the current volatile environment in Europe isn’t helping matters either.
Besides that, there has been an outbreak of Newcastle disease at Seng Choon Farm, one of the largest egg farms in Singapore, which caused domestic production to drop by 40% to 50%.
Hence, the price of a tray of 30 eggs have risen from $6.15 last month to $7.20.
That’s a $1.05 increase, damn.
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No Need to Panic, There Are Enough Eggs to Go Around
Although supermarkets aren’t Jesus who can feed multitudes by miraculously spawning more food from the original five loaves of bread and a few fishes, the supermarkets assure its consumers that there is an adequate supply of eggs since they procure it from various sources.
For instance, to make up for the fall in production from Seng Choong Farm, a FairPrice spokesman stated that they have ordered more from other sources like Malaysia and Thailand until the temporary disruption is resolved.
Similarly, Mr Sng Kaijun, Director of egg importer Dasoon, affirmed that the supply the company has been receiving has been consistent for the past three months. Dasoon imports its eggs from different countries like Australia, Malaysia, Spain, and Thailand.
Therefore, if you feel like the egg shelves are getting a little bit empty, it’s probably only because the staff hasn’t managed to re-stock the shelves yet.
Singapore hasn’t reached the point where we’re having an egg shortage.
Yet?
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Featured Image: Shutterstock / TY Lim
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