Take Care Before Jumping Onto Village Farms International, Inc. (NASDAQ:VFF) Even Though It's 27% Cheaper
The price has dropped 50% compared to March, and the shortage crisis of eggs in the USA seems to be coming to an end.
① The shortage of eggs in the USA has improved due to the easing of the Bird Flu epidemic and increased imports from the USA, with the wholesale price of bulk eggs dropping to $3 per dozen last week, down 9% from the previous week; ② Although Bird Flu resulted in the death of 30 million laying hens, the recent outbreak has been controlled, with only 2.1 million poultry infected in March.
Press Release: Village Farms International Welcomes Yvonne Trupiano as Global Chief Human Resources Officer
Express News | Village Farms International Welcomes Yvonne Trupiano as Global Chief Human Resources Officer
Are egg prices going crazy? U.S. officials seek help from an Italian association and will also increase imports from South Korea.
1. US government officials inquired with the Italian Egg Producers Association about whether they could assist in ensuring the domestic egg supply in the USA to cope with the upcoming peak in demand; 2. Although the USA plans to import more eggs from South Korea, eggs are not a traditional export product of South Korea, making it difficult for the USA to balance the market solely through imports in the short term.
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