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U.S. Bird Flu Causing Egg Squeeze, Emergency Measures
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22.05.2015
As a virulent avian influenza outbreak continues to spread across the Midwestern United States, some egg-dependent companies are contemplating drastic steps: importing eggs from overseas or looking to egg alternatives.
A spokeswoman for grain giant Archer Daniels Midland Co said that, as egg supplies have tightened and prices risen, the company has received numerous inquiries from manufacturers about the plant-based egg substitutes it makes.
And with a strong dollar bolstering the buying power of U.S. importers, some companies are scouting for egg supplies abroad.
The outbreak has led to a sharp uptick in the wholesale price of such eggs, from 63-cents a dozen in late April, when the first egg-laying flock was reported infected, to $1.83 a dozen this week.
A spokeswoman for grain giant Archer Daniels Midland Co said that, as egg supplies have tightened and prices risen, the company has received numerous inquiries from manufacturers about the plant-based egg substitutes it makes.
And with a strong dollar bolstering the buying power of U.S. importers, some companies are scouting for egg supplies abroad.
The outbreak has led to a sharp uptick in the wholesale price of such eggs, from 63-cents a dozen in late April, when the first egg-laying flock was reported infected, to $1.83 a dozen this week.
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