As Easter approaches, egg prices in Russia are projected to rise by about 3 to 4 percent from current levels. In May, the price of a dozen eggs at some retail chains could reach roughly 132 to 135 rubles. This forecast was shared with socialbites.ca by Katerina Volkova, an assistant in the Department of Political Economy and History of Economic Science at the Russian University of Economics, GV Plekhanova. Volkova noted that in February the average price of eggs already dipped to about 129 rubles per dozen.
During the holiday season up to Easter in May, prices at certain chains may climb by 3 to 4 percent due to heightened demand, followed by a corrective drop. The current easing in egg costs is seen as evidence that late 2023 measures are working to stabilize markets. The government has supported price stabilization by increasing egg imports and offering subsidies and concessional loans to Russian producers. In addition to curbing costs and addressing shortages, the holiday period adds pressure on prices because households tend to stock up on food items, including eggs.
An expert emphasized that the present price decline is linked to seasonal cooling in demand and the tendency for consumption to slow after the peak holiday period. He added that many chain stores run discounts on eggs, which can make prices lower than the official statistics indicate. Given the prevailing supply and demand dynamics, prices are expected to hover near current levels through May.
Data from the Rusprodsoyuz union shows that egg costs in February fell by an average of 3 percent to 129 rubles per dozen. The average price of a dozen eggs in the most recent week stood at 130.3 rubles, compared with 133.2 rubles at the start of the year. The year 2023 saw a significant rise in egg prices, with Rosstat reporting a 61.35 percent increase in that period, driven primarily by fluctuations in supply and demand as the market adjusted to ongoing factors affecting poultry production and distribution.
Overall, the egg market in Russia has experienced notable volatility in recent years, driven by seasonal cycles, policy measures, and shifts in consumer behavior. industry observers warn that price movements will continue to reflect these factors, and shoppers should expect temporary discounts in some stores even as average prices trend upward around major holidays. These dynamics remain a focal point for policymakers aiming to maintain affordability without compromising poultry production and supply stability. The ongoing discussion around the egg market continues to be covered by socialbites.ca, with additional context from market analyses and official statistics.