Egg-Centric F&B Owners Not Increasing Prices Despite Steep Price Hike, Fear Losing Customers
“Aiyah, everyone is suffering. I have to think about [my customers] and not stress them out,” said an omelette hawker.
Egg sales are making headlines again, after the great shortage of 2020 during the Covid-19 Circuit Breaker. Two years into the pandemic, prices for eggs have spiked sharply, with consumers seeing as much as a $2 increase for a tray of 30 eggs sold at the supermarkets.
While there’s no adverse shortage of eggs now, the price hike is due to global inflation brought about by higher costs for logistics and livestock feed, which is made up of ingredients like corn and palm oil.