Ukraine Crisis: War reduces number of imported eggs
The war in Ukraine has cut the number of imported eggs in Hungarian shops, but local farmers are prepared to meet demand ahead of the Easter holiday, the Egg Association told state news wire MTI on Tuesday.
The association noted that egg farms in Ukraine, mainly in the east of the country, earlier accounted for around 23% of European Union egg imports. The reduction in egg imports hasn't caused any shortages, but has eased oversupply, it added.
Feed prices, which account for 70% of egg farmers' input costs, have been climbing "for a long time" and are being pushed higher because of the war, the association said.
Shop owners concerned about margins, not farmers, are the ones who decide how much consumers pay for eggs, it added.
Egg consumption in Hungary is expected to remain steady this year around 2.3 billion.
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