Egg prices are sky-high, and Dollar Tree pulled them from the shelves completely

The company said Dollar Tree had pulled the eggs from store shelves because of the skyrocketing prices.

Egg prices have risen as much as 60% in the past year, prompting the popular discount store to recall its eggs due to its inability to turn a profit, Reuters reports.

The majority of merchandise at the Dollar Tree is at $1.25, though the store also has other items for $3 and $5.

“Our base price point on Dollar Tree is $1.25. The cost of eggs is currently very high,” company spokesperson Randy Geller said, according to The Washington Examiner.

Despite the recall of eggs, they will likely return to shelves when “costs are more in line with historical levels.”

Dollar Tree operates approximately 8,000 locations across the United States and Canada.

Consumer egg prices have decreased slightly in the past month, but still recorded a 55% increase in the one-year period compared to the same month in the previous year.

A dozen first-class eggs cost an average of $4.21 in February, down from an average of $4.82 in January, according to data from the Federal Reserve Bank of St. Louis.

With Easter approaching, prices could rise again.


Dollar Tree priced the majority of its merchandise at about $1.25 - well below the high price of eggs.
Dollar Tree priced the majority of its merchandise at about $1.25 – well below the high price of eggs.
Photograph: Erin Scott/Reuters

Wholesale prices continue to rise, indicating that retail egg prices have not peaked. The staggering herd numbers couldn’t come at a worse time for consumers,” David Anderson, of Texas A&M University AgriLife Extension, Bryan College Station, told the Poultry Times. “The USDA egg report for January showed that prices were flat to lower. A little December, but annual egg prices often peak each spring because of the Easter weekend egg hunt and bread.”

Dollar Tree did not immediately respond to Fox News Digital’s request for comment.

DISCLAIMER:- Denial of responsibility! olorinews.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email at loginhelponline@gmail.com The content will be deleted within 24 hours.

Read original article here

Leave a Comment