The US Department of Agriculture, led by Secretary Brooke Rollins, has unveiled a strategy to “immediately” lower record-high egg prices. According to Rollins, the plan involves importing eggs from countries with an existing supply to reduce costs. This is part of a five-pronged approach that also includes deregulation, investments in biosecurity and vaccines, repopulating fowl, and therapeutic research.
The average price of a dozen eggs has reached a record high of $4.95, up from $2.52 last year. Some grocery stores have imposed limits on egg purchases, while restaurants have added surcharges to cope with the shortage. Rollins believes that with significant funds moving ahead, relief is “right around the corner” for American consumers and farmers. The plan aims to alleviate the cost burden caused by overregulation and excessive rules, which Rollins attributes to the current record-high egg prices.
Source: https://www.foxbusiness.com/media/trump-administration-unveils-key-strategy-immediately-bring-down-record-high-egg-prices