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.



SAMA Licenses Two Companies to Provide Open Banking Services

SAMA Licenses Two Companies to Provide Open Banking Services
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SAMA Licenses Two Companies to Provide Open Banking Services

SAMA Licenses Two Companies to Provide Open Banking Services

The Saudi Central Bank (SAMA) announced the licensing of “Altknwlwjya aljadydh llhulul albrmjyh” and “lyn tknwlwjyz Company Saudi Arabia litqniyat nuzum almaelumat” to conduct payment services by providing account information—one of the services associated with open banking.

The licenses were granted following the successful completion of the regulatory sandbox phase under SAMA’s supervision.

The decision reflects SAMA’s ongoing efforts to support and enable the financial sector, enhance the efficiency and flexibility of financial transactions, and promote innovation in financial services. This aims to advancing financial inclusion and expanding access to financial services across all segments of society.

SAMA emphasizes the importance of dealing exclusively with authorized financial institutions. To view licensed and permitted financial institutions, visit SAMA's official website.


UK Suffers OECD's Biggest Growth Downgrade as Iran War Pushes Up Energy Costs

This overhead view shows buildings along the River Thames in London on March 25, 2026. (Photo by JUSTIN TALLIS / AFP)
This overhead view shows buildings along the River Thames in London on March 25, 2026. (Photo by JUSTIN TALLIS / AFP)
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UK Suffers OECD's Biggest Growth Downgrade as Iran War Pushes Up Energy Costs

This overhead view shows buildings along the River Thames in London on March 25, 2026. (Photo by JUSTIN TALLIS / AFP)
This overhead view shows buildings along the River Thames in London on March 25, 2026. (Photo by JUSTIN TALLIS / AFP)

Britain's economic ‌growth prospects this year received the sharpest downgrade of any major economy in the OECD's interim forecast update on Thursday following the US-Israeli war ​on Iran, while inflation is set to rise faster too.

The Paris-based international body cut its 2026 forecast for British economic growth by half a percentage point to 0.7%, compared with a 0.4 percentage point downgrade for the euro zone and a 0.3 percentage point upgrade for the United States.

"Planned fiscal tightening and higher energy prices ‌are anticipated to keep ‌growth subdued in the United ​Kingdom, ‌though the ⁠impact ​will be ⁠attenuated by lower policy rates next year," Reuters quoted the OECD as saying in its report.

Following are further highlights from the report and other context:

Britain's growth forecast for 2027 is unchanged at 1.3%.

Britain's inflation forecast for 2026 is revised up by 1.5 percentage points from December to 4.0%, the ⁠biggest upward revision of any large, advanced ‌economy.

UK inflation in 2027 ‌is forecast to be 2.6%, 0.5 percentage ​points higher than in ‌December and above the Bank of England's 2% target.

Poorer UK households spend more on gas and electricity than in other rich countries, though total energy spending makes up a smaller share of UK inflation than elsewhere.

The OECD expects the ‌BoE to keep interest rates unchanged this year then cut in Q1 2027 as inflation ⁠eases.

⁠Britain's Office for Budget Responsibility, in forecasts finalized just before the start of the conflict, predicted GDP growth of 1.1% this year and 1.6% in 2027.

The BoE this month forecast inflation would rise to 3.0-3.5% over the next couple of quarters.

Prime Minister Keir Starmer has made boosting growth and reducing the cost of living top goals for his government.

Finance minister Rachel Reeves said the forecasts showed the war in the Middle East ​was affecting Britain but ​she would still focus on "regional growth, embracing AI and innovation, and establishing a closer relationship with the EU."


Gold Drops More than 1% as Markets Assess Mideast Ceasefire Prospects

FILED - 16 March 2023, Bavaria, Munich: Gold bars and coins lie on the table at the Precious metal dealership Pro Aurum. Photo: Sven Hoppe/dpa
FILED - 16 March 2023, Bavaria, Munich: Gold bars and coins lie on the table at the Precious metal dealership Pro Aurum. Photo: Sven Hoppe/dpa
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Gold Drops More than 1% as Markets Assess Mideast Ceasefire Prospects

FILED - 16 March 2023, Bavaria, Munich: Gold bars and coins lie on the table at the Precious metal dealership Pro Aurum. Photo: Sven Hoppe/dpa
FILED - 16 March 2023, Bavaria, Munich: Gold bars and coins lie on the table at the Precious metal dealership Pro Aurum. Photo: Sven Hoppe/dpa

Gold prices fell on Thursday, weighed down by increased expectations of US Federal Reserve rate hikes this year as elevated oil prices stoked inflation worries, with investors awaiting clarity on Middle East de-escalation efforts.

Spot gold fell 1.2% to $4,451.47 per ounce by 0811 GMT. US gold futures for April delivery lost 2.3% to $4,448.

"You're ‌seeing an ‌acceleration of the idea that... this war will ‌mean ⁠inflation and inflation ⁠will mean a response from central banks, which will mean higher interest rates," said Ilya Spivak, head of global macro at Tastylive.

Brent crude futures climbed back above $100 a barrel on concerns that protracted fighting in the Middle East will further disrupt energy flows.

Higher crude prices tend to fuel inflation, and while rising inflation typically boosts gold's appeal ⁠as a hedge, high interest rates weigh on ‌demand for the non-yielding asset.

Markets see ‌a 37% chance of a US rate hike by December this year ‌with almost no chance of a cut now, according to ‌CME Group's FedWatch Tool. Before the conflict, markets were expecting at least two rate cuts.

US President Donald Trump said Iran was desperate to make a deal to end nearly four weeks of fighting, contradicting the Iranian foreign ‌minister who said his country was reviewing a US proposal but had no intention of holding talks ⁠to wind down ⁠the conflict.

"In the next 24 to 48 hours, (gold prices) will just be about reacting to headlines about negotiations," said Kyle Rodda, a senior financial market analyst at Capital.com.

"The really big moves will happen probably at the start of next week when it becomes clearer whether the US launches a ground invasion in Iran over the weekend."

Trump has vowed to hit Iran harder if Tehran fails to accept that the country has been "defeated militarily", White House press secretary Karoline Leavitt said on Wednesday.

Spot silver fell 2.7% to $69.36 per ounce. Spot platinum was down 2.3% at $1,874.90, while palladium dropped 2.5% to $1,387.53.