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5. Changing consumer behavior. Pressure on consumer spending power due to low economic growth and high inflation during the economic downturn has seen consumers trading down and looking for cheaper protein sources, lifting demand for eggs.

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Red meat is often wrongly portrayed as being unhealthy. some in the media as unhealthy or not environmentally friendly.

6. Tight supply caused by uncertainty. Producers are experiencing a lot of uncertainty. Restocking hens on a farm represents a commitment of more than one year of production. This has become more risky, as many buyers do not want to offer volume and price contracts to offset some of producers’ risks. As a result, the lower number of hens restocked by farmers has led to low supply in many markets.

Vegan, fish and other non-meat diets have been proposed as healthier alternatives. The result of this onslaught of negative meat messages has influenced many families to cut back on their meat and poultry purchases. Perceptions may reality but truth trumps misinformation. Parents and other consumers liver, 625 spinach. Iron found found absorption.

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WHAT’S NEXT FOR EGGS?

The egg industry can generally count on the following rule: Price peaks tend to lead to similar price drops one to two years later. This is usually caused by producers’ response to periods of higher margins. They typically increase hen numbers to try to tap into higher prices, thus creating oversupply. We saw this trend in 2009 following Germany’s ban on conventional cages; in 2012 after the introduction of the EU’s conventional cage ban; in 2015 after the US industry’s AI crisis; and in 2017 after the Netherlands’ fipronil crisis.

Can we expect a similar trend this year? We think prices will go down in countries and regions with extreme price peaks like the US, Europe, and Japan, but likely not to the sorts of lows we have seen following other crises. This is due to a few factors that are different today.

In general, we expect egg prices to stay relatively high throughout 2023. However, there will be differences between countries. Prices will remain high in countries with persistent AI pressure, restrictions on grandparent stock or breeding stock imports, financing challenges such as a large number of farms with limited access to finance or the US dollar, and countries undergoing regulatory change (like Germany). The fast spread of AI in Latin America, for example, has had a big impact, with prices spiking in the countries most affected by outbreak.

Other countries will likely see a move back to historical price and volatility levels following these price peaks. Still, ongoing high input costs will mean prices will not return to the low levels seen before 2021.

There is currently great concern about high prices impacting the affordability of eggs for low-income consumers, especially in emerging markets. For these groups, eggs are an important staple food and source of protein and nutrients like vitamins B6, B12, and D. In these markets, eggs are positioned as the most affordable protein and are easy to distribute, as cold chain transport is not needed. If eggs become more expensive and less available for these consumers, it could pose major social and health risks.

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CCA: CANADA FAILS TO MEET BEEF INDUSTRY NEEDS WITH CPTPP DEAL

Following is a statement from the Canadian Cattle Association (CCA) regarding the revised Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP):

“The Canadian Cattle Association (CCA) is disappointed the Government of Canada announced that Canada has reached a market access agreement that will form the basis for the United Kingdom (UK) to join the Comprehensive and Progressive Agreement for TransPacific Partnership (CPTPP) without achieving viable access for Canadian beef to the UK.

“While full details of the deal remain unavailable at this time, we are aware that other members of the CPTPP have achieved unlimited beef access in their bilateral agreements with the UK. We have been informed that similar access for Canada is “off the table”. There is also no current progress being made to address the main obstacle to the UK market – the full acceptance of Canada’s meat hygiene system which is widely recognized as one of the finest in the world. CCA will draw a hard line that this barrier must be addressed in Canada’s bilateral agreement with the UK.

“Yesterday’s announcement of the UK’s accession to the CPTPP further disadvantages Canadian beef producers and is fundamentally unjust,” said Nathan Phinney, CCA President. “If the Government of Canada brings a ratification bill to Parliament without addressing the UK barriers to Canadian beef, CCA will approach all Parliamentarians to defeat that bill.”

“At present, the terms of access for Canada-UK beef trade are those inherited from the Comprehensive Economic and Trade Agreement (CETA) established between Canada and the European Union (EU) in 2017. When the UK departed the EU, a temporary agreement was reached to continue to apply the CETA provisions to Canada-UK trade until a permanent agreement could be reached.

“Under these continuing terms, British beef has access to Canada at a 0 per cent tariff in unlimited quantities; Canadian beef has access to the UK at a 0 per cent tariff within the limits of a tariff rate quota. The TRQ limits on Canadian beef are 2708 tonnes fresh and 1161 tonnes frozen annually.

“For 2021, the UK exported 2733 tonnes of beef valued at C$16.3 million to Canada. For 2022, UK beef exports to Canada grew to 4414 tonnes for C$33.2 million. By contrast, Canada exported 657 tonnes of beef valued at C$7.6 million to the UK in 2021 and zero in 2022.

“To date, CCA has supported negotiations with the UK to rectify the lop-sided benefits that British beef producers enjoy under the pre-existing agreement to ensure true reciprocity and access to each other’s markets to create a win-win for both industries and consumers across both markets.

“The CPTPP has been an excellent agreement thus far with the initial participants implementing a high standard for trade liberalization. CCA believes that an agreement with the UK that leaves a significant barrier in place does not meet the standard of the CPTPP and the UK’s bid to join should be rejected until they can do better to meet the progressive trade principles of the CPTPP.”