live Hopes for Hormuz deal fade as Trump adds new demands to Iran peace talks
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran see...
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.
Flights arriving at Catania airport in eastern Sicily were suspended after volcanic ash from a new eruption of Mount Etna drifted into the airspace around the airport, disrupting operations at one of Italy’s busiest aviation hubs.
A deal on a new route for vessels through the Strait of Hormuz is "very close," Iranian Foreign Minister Abbas Araghchi has said, while warning that the reopening of the waterway depends on the U.S. meeting other conditions, including paying compensation to Iran.
Greenland has issued a “strong warning” to a U.S. oil company linked to President Donald Trump after drilling equipment was brought ashore without the required government approvals, according to British media.
Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 9th of August, covering the latest developments.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
Rising trade across the Caspian Sea is strengthening Georgia’s role as a logistics hub and could help the country develop higher-value industries, according to the Asian Development Bank (ADB).
Ford raised its full-year earnings forecast after reporting stronger-than-expected second-quarter adjusted profit, as resilient demand for its vehicles and operational improvements helped offset tariff-related costs.
SK Hynix reported record quarterly profit on Wednesday, but its shares slumped 10 per cent after the South Korean chipmaker fell short of investor expectations built around the artificial intelligence (AI) boom.
Oil prices have fallen more than six per cent as a pause in U.S.-Iran hostilities eased fears of wider supply disruption around the Gulf.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment