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Egg Prices Rise Sharply, Impacting Syracuse Businesses and Consumers

by Geraldine S.
02/07/2025
in Market Trends

Egg prices have surged in recent years, posing challenges for both businesses and consumers in Syracuse.

Once an affordable household staple, egg prices have risen from $1.23 per dozen five years ago to over $7 today. Experts point to supply chain disruptions and production constraints as key factors driving the increase.

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Jennifer Walls, Owner & Operating Manager of Sweet Praxis, a local bakery, emphasized the importance of eggs in baking.

“For us as a bakery, baking is a science,” Walls said. “Eggs provide an essential component to certain recipes.”

Dr. Patrick Penfield, a professor of supply chain practice at Syracuse University, noted that supply fluctuations have contributed to price spikes.

“When disruptions occur, price increases often follow within a week,” Dr. Penfield said.

The rising costs have created uncertainty for businesses like Sweet Praxis.

“In recent weeks, we’ve struggled with inconsistent pricing from vendors, and at times, suppliers have been unable to provide eggs,” Walls said.

Penfield cautioned that additional price increases may occur in the coming months.

“For now, I think we’re in uncharted territory with egg prices,” he said. “I expect they will rise further in the next two months.”

As businesses and consumers adjust, some local bakeries suggest exploring regional vendors as a potential cost-saving alternative.

Discover in-depth supply chain report news insights at The Supply Chain Report. For international trade tools, see ADAMftd.com.

#FoodSupplyChain #RisingPrices #MarketTrends #BusinessImpact #NewsUpdate

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  • Home
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    • Warehousing & Distribution
  • Compliance
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    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
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    • Ethical Sourcing
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© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.