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***Record Egg Profits Point to Price Gouging***

 
GodisImagination
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User ID: 85195451
United States
02/09/2023 08:04 PM
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***Record Egg Profits Point to Price Gouging***
A farmer-advocacy organization says record-breaking increases in the price of eggs isn’t being caused by inflation or avian flu, as claimed by egg companies, but by price collusion among the nation’s top egg producers.

In a letter sent to the Federal Trade Commission (FTC) last week, the organization Farm Action accused the country’s dominant egg producers of scheming to raise prices.

“The real culprit behind this 138% hike in the price of a carton of eggs appears to be a collusive scheme among industry leaders to turn inflationary conditions and an avian flu outbreak into an opportunity to extract egregious profits reaching as high as 40%,” read the Farm Action letter to the FTC.

The average price of a dozen eggs jumped from $1.79 in December 2021 to $4.25 in December 2022. To explain the increase, industry leaders have cited inflation plus the avian flu outbreak, which began in February 2022 and has killed more than 43 million commercial egg-laying hens, according to USDA data.

Continued.... [link to www.agriculture.com (secure)]
GodisImagination
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User ID: 80603834
United States
02/09/2023 08:08 PM
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Re: ***Record Egg Profits Point to Price Gouging***
Of course it is.
Anonymous Coward
User ID: 85247418
United States
02/09/2023 08:09 PM
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Re: ***Record Egg Profits Point to Price Gouging***
Huh try like 8.99 a dozen here in NV
Anonymous Coward
User ID: 85247449
United States
02/09/2023 08:09 PM
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Re: ***Record Egg Profits Point to Price Gouging***
Oh, just like when gas prices skyrocketed and the oil industry reported record profits.

Yay capitalism!

banana2
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United States
02/09/2023 08:10 PM
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Re: ***Record Egg Profits Point to Price Gouging***
If true, the chickens are about to come home to roost in regards to the price gouging tactics of big egg producers
Anonymous Coward
User ID: 83066050
Japan
02/09/2023 08:11 PM
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Re: ***Record Egg Profits Point to Price Gouging***
Order from Amazon Fresh if you've got one in your area. Just bought two 18 packs for $6 each.
Anonymous Coward
User ID: 84749202
Malta
02/09/2023 08:18 PM
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Re: ***Record Egg Profits Point to Price Gouging***
yep





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