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Mexico imports eggs in bid to stabilize prices

Thursday, August 23, 2012

Mexico said it will drop tariffs on egg imports in an effort to halt steep price increases, which are hurting consumers' wallets and adding to inflation.

"This measure aims to stabilize the market...and reduce the price and guarantee the supply of this product," Economy Minister Bruno Ferrari said.

Mexico normally does not import eggs but local supplies were reduced after more than 10 million chickens were slaughtered in a bid to stem the flu outbreak.

Source: Reuters