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Coyote sightings on the rise Eggs surge in prices and profits
USDA did not have the correct source for such dramatic price increases in the egg market.
Farm Action, an advocacy group that claims they are “dedicated to building a food and agriculture system that works for everyone, not just a handful of powerful corporations,” wrote to Federal Trade Commission chair Lina Khan requesting that the FTC look into what they claimed to be price gouging.
“The real culprit behind this 138 percent 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 percent,” claimed Farm Action in their letter.
final weeks, a dozen eggs are slowly creeping back to average costs of around $5.99-$6.99 per dozen.
While the crisis seems to have been averted for many American households, there is still a problem at hand for organizations such as Farm Action which claim that the
Farm Action continued its claims by pointing to Cal-Maine Foods, and its long history of conspiracies to control prices and inflate them with the help of other top egg producers. Such a claim was supported by a jury that discovered such a conspiracy in 2018, according to Farm Action.
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