Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

ItsjustMe

(11,171 posts)
Mon Mar 6, 2023, 03:58 PM Mar 2023

RECORD-BREAKING EGG PROFITS PROMPT ACCUSATION OF PRICE GOUGING

RECORD-BREAKING EGG PROFITS PROMPT ACCUSATION OF 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.
7 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
RECORD-BREAKING EGG PROFITS PROMPT ACCUSATION OF PRICE GOUGING (Original Post) ItsjustMe Mar 2023 OP
Dont worry, GOP is working on something MUCH more important than helping consumers Eliot Rosewater Mar 2023 #1
I won't buy eggs until they're $1 per dozen. Meadowoak Mar 2023 #2
You think? All the inflation is price gouging. Srkdqltr Mar 2023 #3
I visit the farms for eggs GreenWave Mar 2023 #4
Another sign that our federal government is too weak to enforce laws yaesu Mar 2023 #5
We're seeing the end result of 40 years of deregulation NullTuples Mar 2023 #6
Even with avian flu markodochartaigh Mar 2023 #7

Eliot Rosewater

(31,097 posts)
1. Dont worry, GOP is working on something MUCH more important than helping consumers
Mon Mar 6, 2023, 04:06 PM
Mar 2023
Federal legislation to ban transgender women and girls from competing on sports teams for women and girls will be heard for the first time Wednesday morning, the House Committee on Education and the Workforce announced Monday.




https://thehill.com/homenews/house/3886362-house-panel-to-consider-gop-bill-banning-transgender-women-girls-from-team-sports/


All of you cons are disgusting pigs.

GreenWave

(6,500 posts)
4. I visit the farms for eggs
Mon Mar 6, 2023, 06:25 PM
Mar 2023

I feel it is safer and this is NO commercial operation on a grandiose scale. Warning: They may be Trumpers so no car decals for the best price.

yaesu

(8,020 posts)
5. Another sign that our federal government is too weak to enforce laws
Mon Mar 6, 2023, 11:46 PM
Mar 2023

After years of the tRump crime family in power, not holding said criminal activity accountable we are seeing an implosion of our justice system as corporate crime skyrockets

NullTuples

(6,017 posts)
6. We're seeing the end result of 40 years of deregulation
Tue Mar 7, 2023, 03:33 AM
Mar 2023

But the Trump era was such a blatant acceleration.

At this point, we need Congress to rebuild the scope and power of agencies - and a US Supreme Court that won't remove that power.

markodochartaigh

(1,080 posts)
7. Even with avian flu
Tue Mar 7, 2023, 07:02 AM
Mar 2023

the actual number of eggs produced has remained stable. People have not suddenly started eating four times as many eggs. It is clear that price gouging is the reason for the price increase.

Latest Discussions»Issue Forums»Editorials & Other Articles»RECORD-BREAKING EGG PROFI...