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A UK and Ireland free-range egg producer says retail egg prices have fallen from about £1 to 81 pence per dozen over recent years. Feed costs are up 20-30% after this summer's drought in the UK and Europe, and producer margins are under pressure.
Producers are calling for a retail price increase.
Higher drought-driven feed costs are squeezing egg producer margins, which could reduce flock sizes or push for higher egg prices in the coming months.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.