8.9 C
New York
Monday, January 30, 2023

Subscribe

Egg Seizures Skyrocket At US Border As Arbitrageurs Attempt To Capitalize On Poultry Crisis

America’s egg shortage worsens by the week. Supermarkets nationwide are running out of eggs as prices hyperinflate. Egg arbitrage is rising as people attempt to smuggle egg and poultry products across Mexico–US border for resale in the States where they can reap hefty profits. 

US Customs and Border Protection reported a 108% increase in egg and poultry seizures at land ports on the border from Oct. 1 to Dec. 31. The uptick in egg smuggling comes as retail prices erupt in the US as the avian flu forced producers to cull tens of millions of birds and egg-laying hens over the last year. 

“My advice is, don’t bring them over. 

“If you fail to declare them or try to smuggle them, you face civil penalties,” said CBP Supervisory Agriculture Specialist Charles Payne

Egg seizures are so rampant that CBP tweeted that smugglers will be slapped with $10,000 fines. 

People have realized there are huge profits in buying a 30-count carton of eggs at $3.40 in Juarez, Mexico, and reselling them in the US. 

It’s only a matter of time before cartels figure out about this lucrative trade. 

This post was originally published on this site

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

159,327FansLike
407,353FollowersFollow
2,150SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x