Economy Rising Egg Prices in Thailand Strain Consumers and Businesses

[Jonathan Swift]

This is price fixing among the chicken cartel, who are deliberately laying smaller eggs to cause prices to rise

[Jonathan Swift]

9 hours ago, Jeff Simoneaux said:

Seems to me they don't have a good reason for the price increase except for they hear how the prices of eggs in America have gone up so much. That was due to someone making a scare out of bird flu and destroying so many chickens. 

That's actually not how economics work. Food and commodities are not the stock market, they don't rise and fall because someone scared somebody. Prices drop with less demand because they otherwise would have too much inventory and not enough buyers and they have to move their inventory by dropping prices. With increased demand prices will rise until buying drops off, and then prices and supply/demand bounce back and forth until they reach reach equilibrium. The simple law of supply and demand. That's your economic lesson for today. What happens in America is also more complicated than you think. Did you actually take some time to research this? It might be worth your while. But expect to spend more than 30 seconds skimming through clickbait headlines. Go back and look what happened to the supply chain during Covid. There were many complicated cause and effect events that overlapped and reinforced shortages and price rises. There were then opportunistic greedy distributors in the middle that gamed the system in their favor, but it still boiled down to supply and demand. That's your college education in economics.