The U.S. is turning to Europe for egg imports in response to soaring domestic prices, triggered by a combination of bird flu and heightened inflation. This situation, detailed in federal and industry data, shows how an unexpected shortage has led to this transatlantic exchange.
Background on the Crisis
The bird flu outbreak drastically thinned U.S. flocks, causing a significant loss in commercial layers. Despite starting the year with about 320 million such birds, nearly 58 million have been wiped out due to the disease. This loss is compounded by rising feed, fuel, and labor costs, escalating prices further.
Price Comparisons and Market Impact
As of January, the national average for a dozen large white eggs in the U.S. spiked to $4.25, up from $1.93 a year earlier, reflecting a dramatic price increase influenced by scarcity and inflation.
European Assistance
To mitigate supply shortages and stabilize prices, the U.S. has begun importing eggs from Europe, with shipments recorded from Poland and Spain. These imports, necessary to fulfill immediate demand, underscore a rare shift in global egg trade dynamics.
Consumer Reaction and Market Adaptation
American consumers and businesses are adjusting to these changes, exploring alternatives and coping with the price volatility. As the market adapts, ongoing bird flu impacts continue to be monitored closely by industry experts and governmental bodies alike.