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Ukraine is set to restart attacks on Russian oil refineries following a two-day pause, President Volodymyr Zelenskyy said, amid growing tensions wi...
Egg prices in the United States are predicted to increase by 41.1% in 2025, according to a report released by the Department of Agriculture (USDA) on Tuesday. U.S. Secretary of Agriculture Brooke Rollins met with poultry farmers and industry leaders focused on avian flu response efforts.
USDA forecasts prices for all food will rise 3.4% this year, up from the expected 2.3% increase last month.
The surge in grocery prices was driven by eggs, which are projected to increase by 41.1% this year, a sharp rise from the previously expected 20.3% increase forecasted last month.
The skyrocketing and volatile egg prices are linked to the outbreak of highly pathogenic avian influenza, which has significantly reduced layer flocks and egg production.
Press Secretary Karoline Leavitt said that egg prices had continued to surge because “the Biden administration and the Department of Agriculture directed the mass killing of more than 100 million chickens, which has led to a lack of chicken supply in this country, therefore lack of egg supply, which is leading to the shortage.”
Brooke Rollins also blamed the Biden administration for "overregulation" as the reason egg prices are high, and said it will take some time to bring them down.
"President Trump understands the importance of addressing this issue head on, and USDA is taking action to support farmers, strengthen supply chains, and bring egg prices down,” - she said.
Retail egg prices increased by 13.8 percent in January 2025 after rising by 8.4 percent in December 2024, according to Food Price Outlook for 2025.
Egg prices in January 2025 were 53.0 percent higher than in January 2024 and surpassed the previous peak prices in January 2023.
The national average price for eggs hit $4.95 a dozen for shoppers in January, - according to a report from the U.S. Bureau of Labor Statistics.
Retail egg prices continue to experience volatile month-to-month changes due to an outbreak of HPAI that began in 2022.
An increasing number of commercial egg layers are being affected by the bird flu outbreak. The report estimated 18.8 million commercial egg layers were affected by bird flu in January, the report stated.
“Offerings are very light to light with little chance for improvement in the near-term as highly pathogenic avian influenza (HPAI) continues to impact productive flocks,” the USDA said in the Feb. 14 report.
In response, President Donald Trump has brokered a deal with Türkiye to import 15,000 tons of eggs, offering temporary relief.
Yemen’s Houthis have claimed responsibility for the recent drone and missile strikes on Saudi Aramco facilities in Dhahran and Riyadh and at King Khalid International Airport in Saudi Arabia, vowing to carry out more attacks in the coming days.
The Saudi-led coalition said early Thursday that it intercepted and destroyed a drone over Saudi Arabia’s Eastern Province.
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles launched by the Houthi group toward Khamis Mushait in southwestern Saudi Arabia.
Ukrainian President Volodymyr Zelenskyy says Russia hit at least six energy targets in deadly strikes across Ukraine, showing Moscow is unwilling to accept the energy ceasefire announced by U.S. President Donald Trump.
Ukraine's soldiers have had their access to Starlink satellite internet restricted. Kyiv's troops use the terminals, made by Elon Musk's SpaceX, to pilot drones. A source in Ukraine's Defence Ministry said the restrictions would make it harder for Kyiv's army to down Russian drones.
U.S. President Donald Trump has lifted sanctions on Russian diesel exports and announced a Russia-Ukraine energy ceasefire aimed at easing fuel prices ahead of November’s midterm elections. But can Moscow deliver and will the move will bring meaningful relief to markets?
Taiwan plans to buy 30 per cent of Alaska LNG's annual output and invest up to $4.4 billion in the project, but binding contracts and financing remain unresolved as the U.S. pushes to expand energy exports to Asia.
Asian stocks plunged to their lowest level in more than two months on Tuesday as advances by Chinese chipmakers rattled investor confidence in the artificial intelligence boom, despite soaring global semiconductor sales.
Artificial intelligence investment is helping sustain global growth at around 3 per cent, with Asia poised to reap major benefits. But soaring energy costs, unequal investment and growing pressure on young workers threaten to leave some economies behind.
Uzbekistan and Russia have a portfolio of more than 200 joint projects worth almost $6 billion, as the two countries continue to expand regional and business ties. The projects were discussed during the third meeting of the Council of Regions of Russia and Uzbekistan, held in Fergana, Uzbekistan.
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