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RECORD-BREAKING EGG PROFITS PROMPT ACCUSATION OF PRICE GOUGING
RECORD-BREAKING EGG PROFITS PROMPT ACCUSATION OF PRICE GOUGINGA farmer-advocacy organization says record-breaking increases in the price of eggs isnt being caused by inflation or avian flu, as claimed by egg companies, but by price collusion among the nations top egg producers.
In a letter sent to the Federal Trade Commission (FTC) last week, the organization Farm Action accused the countrys 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.
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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
Eliot Rosewater
(31,097 posts)1. Dont worry, GOP is working on something MUCH more important than helping consumers
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.
Meadowoak
(5,517 posts)2. I won't buy eggs until they're $1 per dozen.
Srkdqltr
(6,129 posts)3. You think? All the inflation is price gouging.
GreenWave
(6,500 posts)4. I visit the farms for eggs
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
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
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
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.