Thursday, March 14, 2013

Egg Shortages Hit Europe. Soon to Hit America?


France is also facing a potential crisis by suffering a 10 percent shortfall, with the price of eggs having skyrocketed 75 percent since last autumn. In all, the EU is targeting 13 countries that didn’t meet the deadline.

It’s the basic laws of supply and demand—higher production costs from the new infrastructure translate into higher prices, which mean less demand. Supply is likewise reduced, especially in the near-term if farms still using now-outlawed methods and can’t sell their eggs.
What a stupid, stupid thing to do.

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