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UN Secretary-General António Guterres on Thursday warned that the humanitarian situation in the Gaza Strip has reached a critical level and called fo...
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.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Russia actively shifted its trade focus away from Europe and the United States, redirecting it toward markets in friendly countries—primarily China, India, Central Asia, Africa, and the Middle East. The share of these countries in Russia's foreign trade has increased from 46% to 82%.
Fast fashion retailer Shein has been fined €40 million ($47.17 million) by France’s antitrust watchdog for allegedly having misleading discounts and unclear environmental claims, despite the company’s claim that the issues were fixed a year ago.
A multimodal cargo airport in Azerbaijan’s Alat Free Economic Zone (FEZ) is scheduled for commissioning in Q1 2027, the deputy head of the FEZ governing body Ismail Manafov announced.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Oil prices plunged more than 12% last week, ending a three-week rally, with experts expecting them to stabilize around $60 if the fragile ceasefire between Israel and Iran holds.
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