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AMERICA, AMERICAN EGG BOARD, ASIA, BRAZIL, COST OF LIVING, DONALD TRUMP, ECONOMICS, GOVERNMENT SPENDING, INFLATION, JOE BIDEN, MEXICO, NORTH AMERICA, OVAL, OVAL OFFICE, PHILIPPINES, POLITICS, SOUTH AMERICA, SOUTH KOREA, TRUMP, TURKIYE, TÜRKIYE, UNITED STATES, US, US CONGRESS
Nia Simpson
Understanding the U.S. Egg Crisis and Its Impact on Domestic and International Markets
Egg prices in the U.S. have surged dramatically, influenced by a bird flu epidemic and policy issues. President Trump has initiated imports from South Korea, Türkiye, and Brazil as solutions. Meanwhile, Australia faces similar challenges with egg prices rising, though imports are currently not being pursued due to stringent biosecurity measures.
In recent discussions, President Donald Trump highlighted the soaring prices of eggs in the United States. He remarked, “When I came in [to office] after one week people were screaming at me about eggs,” attributing the drastic price increase to policies under President Joe Biden. With a 65% rise in egg prices over the past year and projections indicating a further 41% increase by 2025, the situation has escalated to such an extent that people are smuggling eggs from Mexico to cope with the costs.
The escalation in egg prices in the United States is primarily driven by a significant bird flu epidemic that has decimated chicken populations. With plans to import eggs from countries like South Korea, Türkiye, and Brazil, the administration aims to mitigate domestic shortages. While egg prices are also a concern in Australia, direct imports are not currently on the agenda to alleviate the problem due to strong biosecurity measures in place. Efforts continue on both fronts to stabilize supply and ensure accessibility for consumers.
Original Source: www.abc.net.au
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