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American Military News
35 minutes ago
- Business
- American Military News
Pic: Egg prices drop 61% under Trump admin
The price of eggs has decreased by over 61% since President Donald Trump's inauguration in January. The major drop in egg prices comes after egg prices skyrocketed to a historic high in March. According to the latest report from the U.S. Department of Agriculture, the price of white, large shell eggs has decreased to $2.52 per dozen on average across the United States. According to data published by Trading Economics, the price of a dozen eggs was roughly $6.49 on January 21 and over $8.00 during the first week in March. In the U.S. Department of Agriculture's weekly Egg Markets Overview, the agency recently reported, 'Shell egg demand posted a slight improvement headed into the Memorial Day weekend but remained well below average in the continuation of a trend that began during the sharp price increases in late winter.' In a Tuesday post on X, formerly Twitter, House Republicans wrote, 'IT'S NATIONAL EGG DAY. EGG PRICES ARE FALLING — DOWN 61% since @POTUS TOOK OFFICE. EGGCELLENT NEWS. PROMISES MADE, PROMISES KEPT!' House Republicans also shared a picture contrasting the price of eggs in January with the price of eggs after Trump's first few months in office. Last month, the White House celebrated lower egg prices listed in April's Consumer Price Index, saying, 'Egg prices saw the largest one-month decline in more than four decades.' READ MORE: Deadly virus 'nightmare' experience shared by egg farmer In April, Clarify Capital announced a study that indicated that 34% of Americans had 'stopped buying eggs due to rising costs, with many waiting for prices to drop to $5 or less per dozen' and that almost 95% of Americans had observed egg prices increasing significantly. At the time, Reuters reported that the United States had started importing more eggs from Brazil, South Korea, and Turkey due to almost 170 million chickens, turkeys, and other birds being killed by bird flu outbreaks since 2022. The most recent Egg Markets Overview report indicated that the U.S. Department of Agriculture's Animal and Plant Health Inspection Service (APHIS) had 'confirmed 43 outbreaks in layer flocks in 10 states (AZ, CA, IA, IN, MO, NC, OH, PA, SD, and WA).'
Yahoo
5 hours ago
- Business
- Yahoo
Investing in Gold This June? Here's How Much You Could Gain in Just One Year
Gold prices have already surged an impressive 25.65% since the beginning of 2025, reaching record highs above $3,500 per ounce, per Recent market volatility saw gold experience its biggest one-day drop in nearly four years, falling 3.7% to settle at $3,294.10. Explore Next: Read More: Despite this correction, experts believe the precious metal remains positioned for potential gains over the next twelve months. Gold's remarkable climb this year culminated in an all-time intraday high of $3,509.90 before support suddenly gave way to profit-taking. According to Trading Economics, gold is expected to trade at approximately $3,249.60 by the end of this quarter. Central banks continue supporting demand, purchasing 244 tonnes in the first quarter despite a 21% decrease from 2024 levels, per Reuters. Real interest rates currently favor gold investments, with the 10-year Treasury yielding 4.5% against 2.3% inflation rates. According to T. Rowe Price, this creates a real interest rate of 2.2%, which remains below historical averages of around 3%. Lower real rates traditionally reduce the opportunity cost of holding non-yielding assets like precious metals. Be Aware: Thomas Winmill, Portfolio Manager at Midas Funds, expects volatility, but maintains a positive long-term outlook for gold prices. According to Winmill, investors should anticipate random price movements driven by unpredictable geopolitical factors in the short term. However, several fundamental factors support potential price appreciation over the coming twelve months. Continued central bank demand from creditor nations provides underlying support for gold prices, according to industry analysis. Massive deficit spending and growing government debts worldwide could lead to currency debasement, historically benefiting precious metals. Current low interest rates and persistent inflation concerns create an environment where gold often outperforms traditional investments. Geopolitical tensions in the Middle East and unresolved trade frictions between major economies further enhance gold's appeal. These factors combine to create conditions favorable for potential price appreciation through 2026. Gold's 20-year track record shows a compound annual growth rate of 9.8%, with significant year-to-year variation. According to DiversifyGuy, the best single-year performance reached 31.4% in 2007, while the worst declined 28.3% in 2013, based on historical data. This volatility demonstrates why experts recommend viewing gold as a long-term wealth preservation strategy rather than speculation. A $1,000 investment based on historical averages could potentially grow to $1,098 over twelve months using conservative projections. However, Winmill noted that gold mining funds like his Midas Discovery have achieved 71.19% one-year returns recently. Actual returns will depend on market conditions, interest rate changes and global economic developments throughout the investment period. Investors should recognize that gold provides no dividend or interest income, relying entirely on price appreciation for returns. According to financial analysis, this characteristic makes gold particularly sensitive to changes in real interest rates and inflation expectations. Winmill recommended older investors seeking income limit gold exposure to less than 5% of total assets. Younger investors with higher risk tolerance can consider allocating more substantial portions of their wealth to precious metals. The specific amount depends on individual factors including age, overall wealth and personal risk tolerance levels. For first-time investors, starting with $500 to $1,000 allows meaningful exposure without excessive risk concentration. According to Winmill, the key is beginning early and adding to positions regularly through systematic investment programs. This approach helps investors benefit from dollar-cost averaging while building long-term precious metals exposure. More From GOBankingRates 8 Common Mistakes Retirees Make With Their Social Security Checks 7 Luxury SUVs That Will Become Affordable in 2025 This article originally appeared on Investing in Gold This June? Here's How Much You Could Gain in Just One Year
Yahoo
10 hours ago
- Business
- Yahoo
Experts warn grocery bills could surge as powerful factor affects seafood supply: 'May become difficult to find in our waters'
Many people have been feeling the pressure of rising grocery bills over the past few years. But despite consumer inflation decreasing earlier this year, food prices are still going up. One of the biggest contributors? Seafood, which has soared in price, largely because of rising temperatures affecting supplies, according to ChosunBiz. The annual consumer inflation rate measures how much the price of goods and services has changed. Since January 2025, this rate dropped in April from 3% to 2.3%, according to Trading Economics. However, consumers are still seeing high food prices, especially meat and seafood. Fishing industries are struggling with decreased catch volumes due to rising water temperatures, said Choi Yong-seok, director of the National Institute of Fisheries Science, "Climate change is progressing more rapidly and seriously than expected across our seas and the fisheries industry." NIFS also projected "seaweed like kelp and sea mustard, as well as sea cucumbers, may become difficult to find in our waters," according to ChosunBiz. As ocean temperatures rise and fish and seafood populations shrink, prices at the grocery store keep climbing. Prices jump when demand stays steady, but there's less to go around. Several types of fish communities have been impacted by rising temperatures. According to the 2024 Fishery Production Survey from Statistics Korea, total fishery production decreased by 2.2% from 2023. Coastal and offshore fisheries noted an 11.6% production drop. That means fewer fish at the docks and a higher grocery bill for you. But these rising prices are also a warning sign that warmer waters are disrupting marine ecosystems. Many sea species are sensitive to water temperature changes. Too-warm water can kill off these species, affecting the populations of other species that feed on them. Ultimately, this has a ripple effect on the human food chain and its prices. Several laws regulate the fishing and seafood industries to prevent overfishing and ensure sustainability, like the Magnuson–Stevens Fishery Conservation and Management Act. But to protect these populations from rising water temperatures, decreasing energy usage and lowering pollution are necessary. Activities that burn fewer fossil fuels, like driving less or switching to solar power, release fewer heat-trapping gases into the air. This can help stabilize ocean temperatures and keep marine ecosystems and populations healthy. Everyday actions, like recycling and using natural cleaning products, can all add up to stronger seafood supplies. The move toward healthier oceans and lower seafood prices won't be immediate. In the short term, learn to shop smarter at the grocery store. Cut your bill by planning ahead, shopping sales, and avoiding buying more than you can use. What should be done to make home solar panels cheaper? More tax incentives Lower installation costs Better loan options They're cheap enough already Click your choice to see results and speak your mind. Join our free newsletter for easy tips to save more and waste less, and don't miss this cool list of easy ways to help yourself while helping the planet.
New York Post
2 days ago
- Business
- New York Post
Egg prices have plummeted since Trump took office — after hitting all-time high in March
The price of eggs has dropped just over 61% since President Donald Trump took office in January, after spiking to an all-time high in March. The most recent data from the US Department of Agriculture (USDA) shows white, large shell eggs are now $2.52 per dozen nationally. On Jan. 21, that same carton of eggs would have run an American about $6.49, according to data website Trading Economics. Trading Economics shows eggs were over $8 a dozen the first week of March. 'Shell egg demand posted a slight improvement headed into the Memorial Day weekend but remained well below average in the continuation of a trend that began during the sharp price increases in late winter,' the USDA Egg Markets Overview weekly publication said. Back in April, a study by Clarify Capital said over 30% of Americans had stopped buying eggs due to their exorbitant cost. Weaker demand and a lull in new cases of bird flu helped cool prices, analysts said at the time. 3 The price of eggs has dropped just over 61% since President Donald Trump took office after a spike in March. AP Photo/David Dermer 3 Data from the US Department of Agriculture shows white, large shell eggs are now $2.52 per dozen nationally, compared to the same carton of eggs costing about $6.49 in January of this year. AP That same month, Reuters reported that the US had increased imports of eggs from Turkey, Brazil and South Korea in an attempt to increase supplies amid an ongoing bird flu outbreak that has killed nearly 170 million chickens, turkeys and other birds since 2022. Since the outbreak began in 2022, bird flu has affected over 166 million birds, including 127 million egg layers. This equates to an average loss of 42.3 million egg layers per year, or about 11% of the five-year average annual layer inventory of 383 million hens since the outbreak began, according to Bernt Nelson, an economist with the American Farm Bureau Foundation. 3 According to analysts, a weaker demand and a lull in new cases of bird flu helped cool prices. AFP via Getty Images The USDA's Animal and Plant Health Inspection Service (APHIS) confirms that the effects of the outbreak continue today. 'To date, USDA APHIS has confirmed 43 outbreaks in layer flocks in 10 states (AZ, CA, IA, IN, MO, NC, OH, PA, SD, and WA),' the Egg Markets Overview said.
Time of India
6 days ago
- Business
- Time of India
India's golden paradox: High demand, low supply, and the path to self-sufficiency
Nilanjan Banik is a professor at Bennett University's School of Business. His work focuses on the application of time series econometrics in issues relating to international trade, market structure and development economics. He is also interested in the "rules" part of WTO; especially examining non-tariff barriers aspects of GATT/WTO agreements. He has project experience with Australian Department of Foreign Affairs and Trade, Australia; Laffer Associates, USA; KPMG, India; Ministry of Commerce, Government of India; Research and Information System for Developing Countries (RIS), New Delhi; Indian Council for Research on International Economic Relations (ICRIER), New Delhi; Center for Economic Policy Research, UK; Asian Development Bank Institute, Tokyo; Asian Development Bank, Manila; South Asia Network of Economic Research Institutes (SANEI); UNESCAP-ARTNeT, Thailand, Australia India Institute, University of Melbourne; and World Trade Organization, Geneva. LESS ... MORE For Indians the allure of the yellow metal both for its ornamental value and as an asset class, is as old as the country's civilisation dating back to the times of Indus Valley Civilisation or perhaps, even earlier. While that attraction for gold has not diminished over centuries, its supply side has failed to keep pace, resulting in the country's overwhelming dependence on imports. This mismatch of growing demand and reducing supply has become a major burden on the economy with its adverse impact on the balance of trade and a worsening current account deficit. To put things in perspective, India's gold import in 2024 surged to 802.8 tonnes—a 5% increase over the761 tonnes in 2023—with the import bill ballooning to $48.5 billion. In contrast, India's production was only around 1.6 tonnes of gold, meeting only 0.2% of its total demand. This great divide cuts into the country's precious foreign exchange reserves, makes the economy vulnerable to global price shocks and puts pressure on its exchange rate. Moreover, levying higher import duties has only fuelled greater smuggling thereby undermining formal trade and tax revenues losses. No lack of reserves The recent gold reserves data makes the paradox even more evident. In December 2024, the country's gold reserves increased to 876.20 tonnes, valued at $66.2 billion. This significant increase of 72.6 tonnes, the highest since 2021, is only the second highest since 2017, has put India's gold reserves among the top 10 countries globally, says Trading Economics, a mobile app that provides economic data of 196 countries. Similarly, the World Gold Council estimates that India has 2,191.53 metric tons of gold ore resources, but only a fraction of these resources have been explored and exploited. Hence, there is a huge potential that remains to be tapped. While the Hutti Gold Mine, located in the Raichur district of Karnataka, producing about 1.8 tonnes of gold per year, is the only current producer, there have been significant new discoveries in recent years. Some of these include the Sonakhan prospect in Chhattisgarh held by Vedanta, the Gurahar Pahar prospect of the Mahakoshal greenstone belt or the giant in Rajashtan – Bhukia-Jagpura gold mine with reserves estimated in excess of 100 tonnes. Then in the South, there is the newly- discovered Ganajur gold mine in Karnataka which Deccan Gold Mines Ltd has completed an international feasibility study and the Jonnagiri Gold Mine in Andhra Pradesh developed by Geomysore Services (India) Private Limited which is slated for production by the end of 2025 and will be India's first private gold mine since Independence. Despite significant geological potential and availability of sizable discoveries, India's gold mining industry has not reached its true potential due to various factors, including lack of exploration, frequent changes in the policy and absence of private exploration/mining companies who have the expertise and risk capital to develop these projects. Though the government brought in the Composite License (CL), not many international companies with the required experience have availed this opportunity. As a result, only a handful of companies eg., Vedanta, Deccan Gold Mines Limited, Geomysore Services (India) Private Limited etc are actively carrying out exploration in India. This is a far cry from Australia, Canada and many African countries where 100s of exploration companies spend millions of dollars developing this industry. The way ahead The Indian Gold Mining Policy requires regulatory reforms to enhance self-sufficiency by creating a more viable and attractive environment for exploration and mining operations. To overcome impediments, the government should prioritize ease of doing business through single-window clearances, offering attractive incentives and tax concessions to draw experienced private companies into the sector. Policy reforms must support the security of tenure and appropriately reward the high-risk capital expenditure associated with exploration activities. Streamlining the regulatory landscape, reducing bureaucratic delays, and ensuring transparent and predictable processes will encourage investment, boost domestic gold production, and ultimately decrease India's reliance on gold imports. For India, it is a time to take some robust measures because the cost of runaway gold imports is extremely high, impacting India's overall economy A slew of market-oriented reforms, mining reforms and global recognition of the refining sector can go a long way is pushing greater Atmanirbhartha, job creation, and overall development of the economy. Facebook Twitter Linkedin Email Disclaimer Views expressed above are the author's own.
