Sorafutures.com
  • Home
  • Futures Exchange
  • Futures News
  • Futures Quotes
  • Futures Types
    • Agricultural Futures
    • Energy Futures
    • Financial Futures
    • Metal Futures
  • Knowledge
No Result
View All Result
  • Home
  • Futures Exchange
  • Futures News
  • Futures Quotes
  • Futures Types
    • Agricultural Futures
    • Energy Futures
    • Financial Futures
    • Metal Futures
  • Knowledge
No Result
View All Result
Sorafutures.com
No Result
View All Result
ADVERTISEMENT

US Seeks Global Help to Address Egg Shortage and Soaring Prices

Yuki by Yuki
07/03/2025
in Agricultural Futures
US Seeks Global Help to Address Egg Shortage and Soaring Prices
ADVERTISEMENT

US officials are turning to international sources in a desperate bid to alleviate a severe egg shortage that has driven prices to unprecedented levels, forcing grocery stores to impose purchase limits and restaurants to add surcharges.

Poultry trade organizations in countries such as Poland— the world’s second-largest egg exporter—along with smaller exporters like France and Indonesia, report that they have been contacted by American embassies and the US Department of Agriculture (USDA) regarding egg exports.

ADVERTISEMENT

The outreach underscores the lengths to which the US is willing to go to replenish its egg supplies, which have been severely impacted by a record bird flu outbreak that wiped out millions of hens. The resulting shortages have led to a dramatic spike in retail egg prices, which have doubled in the past year, exacerbating inflation. To fill the gap, the US is expected to import between 70 and 100 million eggs over the next few months. Former President Donald Trump, who made reducing grocery prices a focal point of his campaign, has labeled the situation a “disaster.”

ADVERTISEMENT

However, securing those imports is no simple task. Eggs are notoriously difficult to ship due to their short shelf life and fragile shells. Additionally, many countries do not have surplus stocks available for export. Shipping eggs is also more complicated than moving grains or sugar, as animal products face stricter trade requirements, and several exporting nations are grappling with their own bird flu outbreaks.

ADVERTISEMENT

In France, Thomas Bartlett, secretary general of the French egg industry group SNIPO, told reporters that his country has little supply available for export. “What we responded to the USDA is that there are no volumes available in France, and there are very few in Europe,” he explained. Wholesale prices in the European Union have surged to a two-year high, fueled in part by bird flu outbreaks in the region.

In countries where eggs are available for export, logistical issues remain a significant obstacle. Shipping whole eggs across oceans can be impractical, and some nations would need to process, dry, or freeze eggs before they could be exported. Poland’s National Chamber of Poultry and Feed Producers, for example, confirmed that it has the capacity to ship processed egg products, but only “very limited” quantities of whole eggs.

Egg handling and washing standards vary by country, complicating trade further. For example, while Poland has the necessary health certificates for exporting eggs intended for processing, it does not have certification for retail eggs, according to Katarzyna Gawrońska, director of the National Chamber of Poultry and Feed Producers.

In addition to established suppliers, emerging markets are exploring potential egg exports to the US. Spain’s Inovo group is currently negotiating with the USDA to determine what quantities of eggs may be available for export, while Indonesia is also considering shipments. The Indonesian government has indicated it could export about 1.6 million eggs per month, though it will prioritize domestic supply, particularly for its free lunch program.

The US is also looking to reinstate import licenses for Dutch egg products, which were suspended earlier this year amid concerns over industry practices. The Netherlands, the world’s largest egg exporter, has been a major player in global egg trade.

As countries weigh the decision to ship eggs abroad, some are implementing measures to safeguard their own domestic markets. Turkey, which plans to export 15,000 tons of eggs to the US through July, recently imposed an export tax to manage local prices. The country is also battling bird flu outbreaks, and eggs are a crucial part of meals during the ongoing holy month of Ramadan.

Despite the high demand and the opportunity presented by US prices, global egg supply remains constrained. Only about 3% of the world’s egg production enters international trade, making it difficult to quickly rebalance the market, according to Rabobank’s Nan-Dirk Mulder. “It’s a very local industry,” he said. “If you want to rebalance the market, you need big volumes. It’s almost impossible, in the short term, to do that.”

Related topic:

Global Rubber Production to Fall Short of Demand Again in 2025

Beijing Imposes New Tariffs on U.S. Farm Products

China Plans Retaliation Against US Agriculture Tariffs

ADVERTISEMENT
Previous Post

Japan Signals End to Long-Term Deflation

Next Post

Global Bond Yields Surge Amid Market Turmoil

Related Posts

How to Trade Grain Futures with Limited Capital?
Agricultural Futures

How to Trade Grain Futures with Limited Capital?

26/04/2025
What Is the Symbol for Cattle Futures?
Agricultural Futures

What Is the Symbol for Cattle Futures?

24/04/2025
Thai Rice Farmers Struggle Amid Falling Prices and U.S. Tariffs
Agricultural Futures

Thai Rice Farmers Struggle Amid Falling Prices and U.S. Tariffs

23/04/2025
ADM to Close South Carolina Soy Plant
Agricultural Futures

ADM to Close South Carolina Soy Plant

22/04/2025
CME Launches New Spring Wheat Futures Amid Tough Competition
Agricultural Futures

CME Launches New Spring Wheat Futures Amid Tough Competition

18/04/2025
Tariff Uncertainty Threatens Vermont Maple Syrup Producers
Agricultural Futures

Tariff Uncertainty Threatens Vermont Maple Syrup Producers

16/04/2025
Turbulence from Trump’s Tariffs Threatens Global Shrimp Shipments to U.S.
Agricultural Futures

Turbulence from Trump’s Tariffs Threatens Global Shrimp Shipments to U.S.

14/04/2025
Brazil Sees Opportunity in U.S. Coffee Market Amid Tariffs on Competitors
Agricultural Futures

Brazil Sees Opportunity in U.S. Coffee Market Amid Tariffs on Competitors

09/04/2025
China and Brazil Set to Strengthen Positions as Global Corn Giants
Agricultural Futures

China and Brazil Set to Strengthen Positions as Global Corn Giants

08/04/2025
Next Post
Global Bond Yields Surge Amid Market Turmoil

Global Bond Yields Surge Amid Market Turmoil

China Orders Oil Refiners to Cut Fuel Output Amid Declining Demand

China Orders Oil Refiners to Cut Fuel Output Amid Declining Demand

Gold Prices Surge Amid Global Uncertainty, Reaching Record Highs

Gold Prices Surge Amid Global Uncertainty, Reaching Record Highs

TAGS

ASX futures binance futures Bitcoin bond futures cattle futures CME coffee futures commodity futures copper futures Copper prices corn futures Corn prices crude oil futures crypto futures Dax Futures Dow futures ETF FTSE futures contracts gas futures gold futures Gold prices grain futures ICE Index Futures interest rate futures lumber futures micro futures Nasdaq futures Nifty Futures oil futures S&P 500 Futures S&P Futures silver futures Silver prices soybean futures Soybean price stock futures stock market sugar futures sugar price USDINR Futures wall street futures wheat futures wheat price

Recent Posts

Will Palladium Futures Ever Recover?
Metal Futures

Will Palladium Futures Ever Recover?

by jingji50
28/04/2025

Palladium futures have been a hot topic among traders and investors. Prices have seen big swings in recent years. Many...

1Why Is Palladium Futures So Volatile?

1Why Is Palladium Futures So Volatile?

28/04/2025
Why Is Palladium Futures Bad?

Why Is Palladium Futures Bad?

28/04/2025
China Confident in Growth Despite U.S. Tariffs

China Confident in Growth Despite U.S. Tariffs

28/04/2025
MAS Warns of Trade War Impact on Growth and Inflation

MAS Warns of Trade War Impact on Growth and Inflation

28/04/2025
Toyota Industries Shares Jump on Akio Toyoda’s Buyout Proposal

Toyota Industries Shares Jump on Akio Toyoda’s Buyout Proposal

28/04/2025
China’s Baosteel Flags Likely Output Cuts Amid Steel Industry Struggles

China’s Baosteel Flags Likely Output Cuts Amid Steel Industry Struggles

28/04/2025
European Stocks Rise as Earnings and Trade Talks Loom

European Stocks Rise as Earnings and Trade Talks Loom

28/04/2025

Futures Quotes

European Stocks Rise as Earnings and Trade Talks Loom

European Stocks Rise as Earnings and Trade Talks Loom

28/04/2025
Gold Prices Drop in Saudi Arabia on April 28, 2025

Gold Prices Drop in Saudi Arabia on April 28, 2025

28/04/2025
Euronext Wheat Futures Rise on Technical Buying and Export Hopes

Euronext Wheat Futures Rise on Technical Buying and Export Hopes

27/04/2025
U.S.-China Trade Slump Threatens Economy

U.S.-China Trade Slump Threatens Economy

27/04/2025
Fartcoin Surpasses Bonk as Solana’s Second-Largest Meme Token

Fartcoin Surpasses Bonk as Solana’s Second-Largest Meme Token

26/04/2025
European Airlines Face Uncertainty Ahead of Summer Travel Season

European Airlines Face Uncertainty Ahead of Summer Travel Season

26/04/2025
Sorafutures.com

Welcome to sorafutures futures portal! Here, we illuminate pathways to tomorrow's opportunities, equipping you with insights and resources to thrive in an ever-evolving world. With a blend of vision and pragmatism, we empower individuals to navigate uncertainties and seize their future with confidence.

Recent Posts

  • Will Palladium Futures Ever Recover? 28/04/2025
  • Why Is Palladium Futures So Volatile? 28/04/2025
  • Why Is Palladium Futures Bad? 28/04/2025
  • China Confident in Growth Despite U.S. Tariffs 28/04/2025
  • MAS Warns of Trade War Impact on Growth and Inflation 28/04/2025

TAGS

ASX futures binance futures Bitcoin bond futures cattle futures CME cnbc stock futures coffee futures commodity futures copper futures Copper prices corn futures Comn prices crude oil futures crypto futures Cryptocurrency futures Dax Futures Dow futures ETF Exotic options

Useful Links

About us

disclaimer

Privacy Policy

Copyright © 2024 celebritycolumn.com

No Result
View All Result
  • Home
  • Futures News
  • Futures Quotes
  • Futures Types
  • Knowledge

Copyright © 2024 Welcome to sorafutures futures portal! Here, we illuminate pathways to tomorrow’s opportunities, equipping you with insights and resources to thrive in an ever-evolving world. With a blend of vision and pragmatism, we empower individuals to navigate uncertainties and seize their future with confidence.