More than 11,000 evacuated as Storm Leonardo batters Spain and Portugal
Storm Leonardo hit Spain and Portugal on Tuesday, forcing more than 11,000 people from their homes, as a man in Portugal died after his car was swept ...
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.
Iran’s Islamic Revolutionary Guard Corps (IRGC) has deployed one of its largest ballistic missiles at a newly unveiled underground base on Wednesday (3 February), just two days ahead of mediated nuclear talks with the United States in Muscat, Oman.
Winter weather has brought air travel in the German capital to a complete halt, stranding thousands of passengers as severe icing conditions make runways and aircraft unsafe for operation and force authorities to shut down one of Europe’s key transport hubs.
Storm Leonardo hit Spain and Portugal on Tuesday, forcing more than 11,000 people from their homes, as a man in Portugal died after his car was swept away by floodwaters and a second body was found in Malaga.
An attacker opened fire at the gates of a Shiite Muslim mosque in Islamabad on Friday before detonating a suicide bomb that killed at least 31 people in the deadliest assault of its kind in the capital in more than a decade.
Ukraine and Russia carried out a rare exchange of 314 prisoners on Thursday as U.S.-brokered talks in Abu Dhabi closed with a pledge to resume negotiations soon, offering one of the clearest signs of diplomatic movement in months.
Wall Street ended sharply lower on Tuesday as investors worried about artificial intelligence (AI) creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
Argentina's economic activity shrunk 0.3% in November compared with the same month last year, marking the first monthly contraction of 2025, data from Argentina's national statistics agency showed on Wednesday.
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