[[{“value”:”US Customs and Border Protection (CBP) has intercepted an increasing number of eggs from Mexico, where a carton of a dozen costs about $2. For comparison, the cost in many parts of California is just under $10 per dozen, according to the United States Department of Agriculture. Nationally, there has been a 48% increase in eggs
The post Thwarted arbitrage? appeared first on Marginal REVOLUTION.”}]]
US Customs and Border Protection (CBP) has intercepted an increasing number of eggs from Mexico, where a carton of a dozen costs about $2. For comparison, the cost in many parts of California is just under $10 per dozen, according to the United States Department of Agriculture.
Nationally, there has been a 48% increase in eggs being detained at ports of entry this fiscal year compared with the same time last fiscal year, according to CBP. In San Diego, these “egg interception” cases have increased by a whopping 158%.
Every day, more than 200,000 cars cross the border from Mexico to the United States.
…Once confiscated, the eggs are destroyed by officials in oven-sized incinerators.
Here is the full Guardian story.
The post Thwarted arbitrage? appeared first on Marginal REVOLUTION.
Current Affairs, Food and Drink, Uncategorized
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