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Are egg prices going crazy? U.S. officials seek help from an Italian association and will also increase imports from South Korea.
1. US government officials inquired with the Italian Egg Producers Association about whether they could assist in ensuring the domestic egg supply in the USA to cope with the upcoming peak in demand; 2. Although the USA plans to import more eggs from South Korea, eggs are not a traditional export product of South Korea, making it difficult for the USA to balance the market solely through imports in the short term.
Top Premarket Gainers
The market supply shortage situation has somewhat eased, and the price of eggs in the USA has significantly dropped in March.
Since entering March, egg prices in the USA have sharply declined, and the shortage of market supply has somewhat eased.
U.S. Grain Export Sales Maintain in Tariff Environment
Is the USA's tariff fluctuating? The USA's Secretary of Agriculture: Trump is considering exempting some tariffs on Shenzhen Agricultural Products Group.
The USA has officially launched a comprehensive tariff war, but the USA Secretary of Agriculture Bruker Corp. Rollins has stated that Trump is considering exempting certain tariffs on Shenzhen Agricultural Products Group from Canada and Mexico.
"Egg smuggling" is active at the USA-Mexico border! The soaring egg prices have made American consumers very uneasy.
① Consumers in the USA are facing soaring egg prices, with the average price of a dozen eggs in January at $4.95, doubling year-on-year due to Bird Flu severely impacting local Raising Chickens farms; ② Last week, the U.S. Customs and Border Protection (CBP) reported a significant increase in egg smuggling activities at the Mexican border compared to the previous year; ③ CBP reminds the public that the illegal importation of fresh eggs, raw chicken, or live poultry is prohibited, and incoming travelers must declare these items.
