Come Easter, egg prices in Russia may increase by 3-4% from current levels. So, in May, the cost of a dozen eggs in some retail chains can be 132-135 rubles. This forecast was given to socialbites.ca by the assistant of the Department of Political Economy and History of Economic Science at the Russian University of Economics. GV Plekhanova Katerina Volkova commented that in February the average price of eggs dropped to 129 rubles per dozen.
“During the season, that is, until Easter in May, prices in individual chains may increase by 3-4% depending on holiday demand, followed by a downward adjustment. The decline in egg costs now shows the accuracy of the measures taken at the end of 2023. To stabilize prices, egg imports were increased and subsidies and concessional loans were offered to Russian producers. “In addition to reining in costs and tackling the egg shortage, we need to remember one more reason for the rise in prices: the New Year holidays, when the population shows great demand for food.”
According to him, the current price decline is linked to the seasonal cooling in demand.
“Many chain stores offer discounts on eggs, so customers can buy eggs at prices even lower than those recorded in statistics. “Considering the current supply and demand factors, prices will fluctuate at the current level until May,” he said.
The Rusprodsoyuz association reported that the cost of eggs in February fell by an average of 3% to 129 rubles per dozen. The average price of a dozen eggs last week was 130.3 rubles, while at the beginning of the year it was 133.2 rubles.
The leader in price increase in 2023 was chicken eggs. According to Rosstat, egg prices in Russia increased by 61.35% in 2023.
Previously “socialbites.ca” said About the egg crisis in Russia.