EGGS have been taken off shelves at Dollar Tree as prices continue to rise, the company said in a statement.
The cost of eggs has risen by up to 60 per cent compared to last year, prompting the retailer to remove the product after failing to make a profit.
Most items at Dollar Tree are only $1.25, but some products can range from $3 to $5.
“Our primary price point on Dollar Tree is $1.25. The cost of eggs is very high right now,” company spokesman Randy Guiler said.
Eggs aren’t gone forever, however, as the company said they will most likely be back when “costs return to historic levels.”
There are approximately $8,000 Tree locations in the US and Canada.
While egg prices have suffered a price drop over the past month, reported prices are still up 55 percent year-on-year.
As families prepared for holidays like Christmas and the New Year, they found egg prices hitting record highs.
In November 2022, the average egg price rose 49.1 percent, which was the most significant annual percentage increase for grocery items, according to CNBC.
This price increase has been linked to several factors, including supply chain shortages that began during the Covid-19 pandemic and an outbreak of bird flu.
The Agriculture Department previously said the flu has killed 44 million chickens, about four to five percent of the egg industry’s output, according to the Washington Post.
“The flu is the number one factor affecting egg prices,” Maro Ibarburu, an economic analyst at Iowa State University’s Egg Industry Center, told the outlet.
“As a result of this outbreak, we have lost 10 million more laying hens than the last outbreak in 2015.”
The 2015 outbreak killed about 50 million birds and was “arguably the most significant animal health event in US history,” according to the USDA.
A dozen large Grade A eggs cost an average of $4.21 last month — up from $4.82 in January, according to the Federal Reserve Bank of St. Louis.
https://www.the-sun.com/money/7670849/dollar-tree-pulls-eggs-from-store-shelves-price-increase/ Dollar Tree announces when discontinued weekly family products are expected to return to stores