Egg prices rose 60% in 2022. One farm group claims it's a 'collusive scheme' by suppliers
Publishing timestamp: 2023-01-23 16:05:55
Summary
Egg prices jumped 60% in 2022 according to consumer price index, inflation measure. One farm group claims major egg suppliers have engaged in "collusive scheme" to gouge and fix prices to boost profits, and called on Federal Trade Commission to investigate. Egg producers and food economists suggest deadly outbreak of bird flu has compounded into significant supply problem, at time of peak demand and higher costs for feed and transportation. Cal-Maine Foods, the nation's largest egg producer, denied the allegations, claiming the U.S. egg market is "intensely competitive and highly volatile even under normal circumstances."
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Keywords: cal-maine foods inc, personal finance, united states, inflation, business news, food and drink,