US is on Egg Hunt in Europe to Ease Prices at Home

A farmer displays eggs from his chickens in Wehrheim near Frankfurt, Germany, Wednesday, March 26, 2025. (AP Photo/Michael Probst)
A farmer displays eggs from his chickens in Wehrheim near Frankfurt, Germany, Wednesday, March 26, 2025. (AP Photo/Michael Probst)
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US is on Egg Hunt in Europe to Ease Prices at Home

A farmer displays eggs from his chickens in Wehrheim near Frankfurt, Germany, Wednesday, March 26, 2025. (AP Photo/Michael Probst)
A farmer displays eggs from his chickens in Wehrheim near Frankfurt, Germany, Wednesday, March 26, 2025. (AP Photo/Michael Probst)

The US government is on a global egg hunt, seeking exports from countries in Europe and elsewhere to ease a severe shortage that has caused egg prices at grocery stores to hit record highs.
Germany, Italy, Poland and Sweden are among the nations the US Department of Agriculture approached to address the shortage brought on by a bird flu outbreak, according to European industry groups.
But supplying Americans with eggs would be complicated for foreign producers — and not because of political tensions over the myriad import tariffs President Donald Trump has imposed or threatened to impose on his nation's top trading partners.
Even if they were eager to share, European countries don’t have many surplus eggs because of their own avian flu outbreaks and the growing domestic demand ahead of Easter, The Associated Press reported.
One of the biggest obstacles, however, is the approach the United States takes to preventing salmonella contamination. US food safety regulations require fresh eggs to be sanitized and refrigerated before they reach shoppers; in the European Union, safety standards call for Grade A eggs to be sold unwashed and without extended chilling.
“These are two systems that could not be more different,” said Hans-Peter Goldnick, the president of the German Egg Association.
It is common in parts of Europe, for example, for consumers to buy eggs that still have feathers and chicken poop stuck to them.
Farmer David Karlsch described the simple process that gets eggs from hens to customers of the family-owned Saballus poultry farm in Schoeneiche, a town just outside Germany’s capital: The eggs are taken from nests, placed into cartons and sold on the premises or from a refrigerated vending machine just outside the property.
“The demand at Easter time is of course very, very high, as many children naturally want to paint eggs,” Karlsch said.
Poland, a major egg exporter, fielded a US query about the availability of eggs, according to Katarzyna Gawrońska, director of the National Chamber of Poultry and Feed Producers. The issue of washed vs. unwashed was a major factor as European officials considered such requests, she said.
Eggs are not cleaned in most of the 27 EU member nations because of concerns that removing the natural protective coating from eggshells makes them more vulnerable to bacteria, Gawrońska said.
Polish veterinary officials are trying to determine if the country and its farmers can meet US requirements, such as whether the exporting country has a comparable food safety inspection system or a significant bird flu outbreak.
Powdered egg products Although European Union regulations state that table eggs “shall not be washed or cleaned,” member countries have some leeway if they authorized egg baths at packing plants decades ago.
Danish Egg Association CEO Jørgen Nyberg Larsen said national customs are part of it; washed eggs are the norm in Sweden, for example. But Sweden and Norway have informed the US they don't have extra eggs to export, Larsen said.
For now, any increased US egg imports from Europe are more likely to arrive in powdered form or other products that can be shipped frozen or dried, Larsen said.
That's the response Poland's trade association gave US officials. If the US certifies Poland as a source, the organization's members would have a limited number of shell eggs to sell but could supply “very large volumes of egg processing products,” Gawrońska said.
Processed eggs usually are pasteurized to prevent foodborne illnesses and then used in food manufacturing or by restaurants, hospitals and nursing homes, according to the US Department of Agriculture.
Baked goods, pasta and sauces like mayonnaise are some of the commercial products made with egg powder.
US officials also tried to sound out farmers in northern Italy's Veneto region for emergency egg supplies, according to Coldiretti, the main Italian agricultural lobbying organization.
But Italy only produces enough eggs to cover the national demand so most of the region's producers said they could not help. Bird flu outbreaks since the start of last year also have taken a toll on the Italian poultry industry.
Germany cannot contribute much either. Its domestic poultry industry generates about 73% of the eggs consumed in the country, “and we ourselves essentially have to import eggs from Holland every day to keep everyone satisfied," the German Egg Association’s Goldnick said.
“We have around 45 million eggs that we can collect from the chicken coops every day, and in America, there’s a shortage of around 50 million eggs a day. That shows how difficult it is,” he said.
Other countries the US government contacted include Austria, Norway, Spain and Denmark. The US Department of Agriculture said it secured new egg commitments from Türkiye and South Korea in recent months, although it did not specify the amount or type.
Imports of liquid, frozen and dried eggs may help free up some domestic shell eggs for consumers, but the US made its appeal for foreign eggs amid a significant deficit; last month, the country produced 720 million fewer table eggs than in February 2024, a decline of nearly 10%.
The US also cut its own egg exports to boost supplies at home, the Agriculture Department said.
While the informal trade talks continue, the US market has shown signs of improvement. It’s been nearly a month since a major bird flu outbreak impacted egg-laying hens, the department said. It reported the national wholesale price for large eggs dropped to $3.27 per dozen as of March 21, or less than half its peak of $8.15 per dozen on Feb. 21.
US consumers are just starting to see those falling wholesale prices translate to lower prices on grocery shelves, the department said. The big demand for eggs that usually accompanies Easter and Passover could cause prices to edge up again next month.



Al-Rumayyan: PIF Investments in Local Content Exceed $157 Billion

Yasir Al-Rumayyan speaks to the audience in the opening speech of the Public Investment Fund and Private Sector Forum (Middle East)
Yasir Al-Rumayyan speaks to the audience in the opening speech of the Public Investment Fund and Private Sector Forum (Middle East)
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Al-Rumayyan: PIF Investments in Local Content Exceed $157 Billion

Yasir Al-Rumayyan speaks to the audience in the opening speech of the Public Investment Fund and Private Sector Forum (Middle East)
Yasir Al-Rumayyan speaks to the audience in the opening speech of the Public Investment Fund and Private Sector Forum (Middle East)

Yasir Al-Rumayyan, governor of Saudi Arabia’s Public Investment Fund (PIF), announced that spending by the sovereign fund’s programs, initiatives, and companies on local content reached 591 billion riyals ($157 billion) between 2020 and 2024.

He added that the fund’s private sector platform has created more than 190 investment opportunities worth over 40 billion riyals ($10 billion).

Speaking at the opening of the PIF Private Sector Forum on Monday in Riyadh, Al-Rumayyan said the fund is working closely with the private sector to deepen the impact of previous achievements and build an integrated economic system that drives sustainable growth through a comprehensive investment cycle methodology.

He described the forum as the largest platform of its kind for seizing partnership and collaboration opportunities with the private sector, highlighting the fund’s success in turning discussions into tangible projects.

Since 2023, the forum has attracted 25,000 participants from both public and private sectors and has witnessed the signing of over 140 agreements worth more than 15 billion riyals, he pointed out.

Al-Rumayyan emphasized that the meeting comes at a pivotal stage of the Kingdom’s economy, where competitiveness will reach higher levels, sectors and value chains will mature, and ambitions will be raised.

PIF Private Sector Forum aims to support the fund’s strategic initiative to engage the private sector, showcase commercial opportunities across PIF and its portfolio companies, highlight potential prospects for investors and suppliers, and enhance cooperation to strengthen the local economy.


Pakistan’s Finance Minister to Asharq Al-Awsat: We Draw Inspiration from Saudi Arabia

The Pakistani Finance Minister during his meeting with Saudi Minister of Economy and Planning Faisal Alibrahim on the sidelines of the AlUla Conference (SPA)
The Pakistani Finance Minister during his meeting with Saudi Minister of Economy and Planning Faisal Alibrahim on the sidelines of the AlUla Conference (SPA)
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Pakistan’s Finance Minister to Asharq Al-Awsat: We Draw Inspiration from Saudi Arabia

The Pakistani Finance Minister during his meeting with Saudi Minister of Economy and Planning Faisal Alibrahim on the sidelines of the AlUla Conference (SPA)
The Pakistani Finance Minister during his meeting with Saudi Minister of Economy and Planning Faisal Alibrahim on the sidelines of the AlUla Conference (SPA)

Pakistani Finance Minister Muhammad Aurangzeb discussed the future of his country, which has frequently experienced a boom-and-bust cycle, saying Pakistan has relied on International Monetary Fund (IMF) programs due to the absence of structural reforms.

In an interview with Asharq Al-Awsat on the sidelines of the AlUla Conference for Emerging Market Economies, Aurangzeb acknowledged that Pakistan has relied on IMF programs 24 times not as a coincidence, but rather as a result of the absence of structural reforms and follow-up.

He stressed the government has decided to "double its efforts" to stay on the reform path, no matter the challenges, affirming that Islamabad not only has a reform roadmap, but also draws inspiration from "Saudi Vision 2030" as a unique model of discipline and turning plans into reality.

Revolution of Numbers

Aurangzeb reviewed the dramatic transformation in macroeconomic indicators. After foreign exchange reserves covered only two weeks of imports, current policies have succeeded in raising them to two and a half months.

He also pointed out to the government's success in curbing inflation, which has fallen from a peak of 38 percent to 10.5 percent, while reducing the fiscal deficit to 5 percent after being around 8 percent.

Aurangzeb commented on the "financial stability" principle put forward by his Saudi counterpart, Mohammed Aljadaan, considering it the cornerstone that enabled Pakistan to regain its lost fiscal space.

He explained that the success in achieving primary surpluses and reducing the deficit was not merely academic figures, but rather transformed into solid "financial buffers" that saved the country.

The minister cited the vast difference in dealing with disasters. While Islamabad had to launch an urgent international appeal for assistance during the 2022 floods, the "fiscal space" and buffers it recently built enabled it to deal with wider climate disasters by relying on its own resources, without having to search "haphazardly" for urgent external aid, proving that macroeconomic stability is the first shield to protect economic sovereignty.

Privatization and Breaking the Stalemate of State-Owned Enterprises

Aurangzeb affirmed that the Pakistani Prime Minister adopts a clear vision that "the private sector is what leads the state."

He revealed the handover of 24 government institutions to the privatization committee, noting that the successful privatization of Pakistan International Airlines in December provided a "momentum" for the privatization of other firms.

Aurangzeb also revealed radical reforms in the tax system to raise it from 10 percent to 12 percent of GDP, with the adoption of a customs tariff system that reduces local protection to make Pakistani industry more competitive globally, in parallel with reducing the size of the federal government.

Partnership with Riyadh

As for the relationship with Saudi Arabia, Aurangzeb outlined the features of a historic transformation, stressing that Pakistan wants to move from "aid and loans" to "trade and investment."

He expressed his great admiration for "Vision 2030," not only as an ambition, but as a model that achieved its targets ahead of schedule.

He revealed a formal Pakistani request to benefit from Saudi "technical knowledge and administrative expertise" in implementing economic transformations, stressing that his country's need for this executive discipline and the Kingdom's ability to manage major transformations is no less important than the need for direct financing, to ensure the building of a resilient economy led by exports, not debts.


Oil Drops 1% as US, Iran Pledge to Continue Talks

The sun rises behind the Tishrin oil field in the eastern Hasakah countryside, northeastern Syria (AP)
The sun rises behind the Tishrin oil field in the eastern Hasakah countryside, northeastern Syria (AP)
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Oil Drops 1% as US, Iran Pledge to Continue Talks

The sun rises behind the Tishrin oil field in the eastern Hasakah countryside, northeastern Syria (AP)
The sun rises behind the Tishrin oil field in the eastern Hasakah countryside, northeastern Syria (AP)

Oil prices fell 1% on Monday as immediate fears of a conflict in the Middle East eased after the US and Iran pledged to continue talks about Tehran's nuclear program over the weekend, calming investors anxious about supply disruptions.

Brent crude futures fell 67 cents, or 1%, to $67.38 a barrel on Monday by 0444 GMT, while US West Texas Intermediate crude was at $62.94 a barrel, down 61 cents, or 1%.

"With more talks on the horizon the immediate ‌fear of supply disruptions ‌in the Middle East has eased ‌quite ⁠a bit," IG ‌market analyst Tony Sycamore said.

Iran and the US pledged to continue the indirect nuclear talks following what both sides described as positive discussions on Friday in Oman despite differences. That allayed fears that failure to reach a deal might nudge the Middle East closer to war, as the US has positioned more military forces in the area.

Investors are also worried about possible disruptions to supply ⁠from Iran and other regional producers as exports equal to about a fifth of the world's ‌total oil consumption pass through the Strait of ‍Hormuz between Oman and Iran.

Both ‍benchmarks fell more than 2% last week on the easing tensions, their ‍first decline in seven weeks.

However, Iran's foreign minister said on Saturday Tehran will strike US bases in the Middle East if it is attacked by US forces, showing the threat of conflict is still alive.

"Volatility remains elevated as conflicting rhetoric persists. Any negative headlines could quickly reignite risk premiums in oil prices this week," said Priyanka Sachdeva, senior market analyst at ⁠Phillip Nova.

Investors are also continuing to grapple with efforts to curb Russian income from its oil exports for its war in Ukraine. The European Commission on Friday proposed a sweeping ban on any services that support Russia's seaborne crude oil exports.

Refiners in India, once the biggest buyer of Russia's seaborne crude, are avoiding purchases for delivery in April and are expected to stay away from such trades for longer, refining and trade sources said, which could help New Delhi seal a trade pact with Washington.

"Oil markets will remain sensitive to how broadly this pivot away from Russian crude unfolds, whether ‌India’s reduced purchases persist beyond April, and how quickly alternative flows can be brought online," Sachdeva said.