The Fort Worth Press - US baby formula shortage could last for some time: official

USD -
AED 3.673005
AFN 68.386442
ALL 93.021933
AMD 389.349314
ANG 1.803734
AOA 913.000031
ARS 1002.721397
AUD 1.53358
AWG 1.8
AZN 1.702057
BAM 1.854577
BBD 2.020785
BDT 119.602116
BGN 1.858799
BHD 0.376916
BIF 2956.030306
BMD 1
BND 1.344124
BOB 6.930721
BRL 5.790848
BSD 1.000863
BTN 84.433613
BWP 13.672612
BYN 3.275301
BYR 19600
BZD 2.017372
CAD 1.39639
CDF 2864.999911
CHF 0.88374
CLF 0.035265
CLP 973.069559
CNY 7.241401
CNH 7.24719
COP 4396.59
CRC 508.251983
CUC 1
CUP 26.5
CVE 104.558213
CZK 24.0877
DJF 178.22092
DKK 7.087555
DOP 60.364405
DZD 133.750861
EGP 49.678296
ERN 15
ETB 124.782215
EUR 0.950275
FJD 2.269701
FKP 0.789317
GBP 0.791103
GEL 2.740301
GGP 0.789317
GHS 15.887842
GIP 0.789317
GMD 71.000247
GNF 8627.008472
GTQ 7.726299
GYD 209.391416
HKD 7.782965
HNL 25.291226
HRK 7.133259
HTG 131.472895
HUF 390.756993
IDR 15903.25
ILS 3.732285
IMP 0.789317
INR 84.493503
IQD 1311.043259
IRR 42092.505939
ISK 138.290123
JEP 0.789317
JMD 158.639851
JOD 0.709302
JPY 154.656495
KES 129.249619
KGS 86.506766
KHR 4038.536303
KMF 467.499881
KPW 899.999621
KRW 1398.125025
KWD 0.30759
KYD 0.834076
KZT 497.17423
LAK 21976.521459
LBP 89633.50686
LKR 291.187013
LRD 181.150969
LSL 18.152914
LTL 2.95274
LVL 0.60489
LYD 4.883414
MAD 9.998293
MDL 18.214834
MGA 4685.233124
MKD 58.48862
MMK 3247.960992
MNT 3397.999946
MOP 8.024142
MRU 39.785889
MUR 46.412517
MVR 15.460006
MWK 1735.461174
MXN 20.325297
MYR 4.464971
MZN 63.950307
NAD 18.152914
NGN 1680.590024
NIO 36.829479
NOK 11.03348
NPR 135.09167
NZD 1.703345
OMR 0.385001
PAB 1.000778
PEN 3.7981
PGK 4.029035
PHP 59.039501
PKR 278.226704
PLN 4.126669
PYG 7838.117183
QAR 3.649699
RON 4.729799
RSD 111.205995
RUB 101.000437
RWF 1380.157217
SAR 3.754257
SBD 8.355531
SCR 13.619994
SDG 601.497088
SEK 11.030315
SGD 1.343699
SHP 0.789317
SLE 22.575045
SLL 20969.504736
SOS 571.975839
SRD 35.43028
STD 20697.981008
SVC 8.757041
SYP 2512.529858
SZL 18.142596
THB 34.647019
TJS 10.658746
TMT 3.5
TND 3.159078
TOP 2.342102
TRY 34.465475
TTD 6.776157
TWD 32.567494
TZS 2652.359028
UAH 41.269214
UGX 3693.413492
UYU 42.784805
UZS 12854.406494
VES 46.433371
VND 25422.5
VUV 118.722009
WST 2.791591
XAF 622.001915
XAG 0.032192
XAU 0.000375
XCD 2.70255
XDR 0.761528
XOF 622.001915
XPF 113.087675
YER 249.924998
ZAR 18.116198
ZMK 9001.198706
ZMW 27.697968
ZWL 321.999592
  • RBGPF

    -0.5000

    59.69

    -0.84%

  • RYCEF

    0.1800

    6.79

    +2.65%

  • CMSC

    0.1200

    24.64

    +0.49%

  • RELX

    0.4950

    45.605

    +1.09%

  • BP

    0.2950

    29.375

    +1%

  • RIO

    -0.1250

    62.265

    -0.2%

  • NGG

    -0.2600

    63.01

    -0.41%

  • GSK

    0.0750

    33.425

    +0.22%

  • VOD

    -0.1100

    8.83

    -1.25%

  • AZN

    0.5950

    63.795

    +0.93%

  • BTI

    -0.1250

    36.955

    -0.34%

  • SCS

    0.1250

    13.195

    +0.95%

  • CMSD

    0.0400

    24.3

    +0.16%

  • BCE

    -0.3890

    26.611

    -1.46%

  • JRI

    0.0400

    13.27

    +0.3%

  • BCC

    2.0700

    139.48

    +1.48%

US baby formula shortage could last for some time: official
US baby formula shortage could last for some time: official / Photo: © AFP/File

US baby formula shortage could last for some time: official

The nationwide shortage of baby formula in the United States could last for some time, a top White House economic adviser cautioned on Friday.

Text size:

The problem "is not going to solve itself in a day or week," Brian Deese told CNN.

US families have grown increasingly desperate for formula amid a perfect storm of supply issues compounded by a massive recall.

While he would not offer a specific timeline, Deese said, "We are looking at every possible angle that we can to try to address this issue."

The average out-of-stock rate for baby formula last week hit 43 percent, according to Datasembly, which collected information from more than 11,000 retailers.

The scarcity initially was caused by supply chain problems and labor shortages, but the problem has been worsening since February 17 when manufacturer Abbott announced a "voluntary recall" for formula made at its factory in Michigan after the death of two infants,.

That recall included Similac, a brand used by millions of American families.

A subsequent investigation cleared the formula, but production has yet to resume.

"We've got to see how this progresses in real time," Deese said.

It is the latest crisis to confound President Joe Biden's push to get the US economy on sound footing amid the highest inflation in four decades and the ongoing global supply chain bottlenecks.

The United States produces about 98 percent of the formula it consumes, and the Biden administration plans to increase imports of the powdered milk.

"The most important step that we can take right now is to give retailers more flexibility on the types of formula that they can sell, and consumers more flexibility for the types that they can buy," Deese said.

Officials also are working with manufacturers and he noted that domestic output has been recovering.

Over the past month "there has been more production of formula than there was in the weeks preceding the recall," Deese said.

H.Carroll--TFWP