Big Egg Producers Behind Collusive Scheme to Gouge Consumers, Farm Group Says
As U.S. egg producers rake in record profits amid soaring prices, a farmer-led advocacy group focused on building a just and sustainable food system on Thursday implored the Federal Trade Commission to “promptly open an investigation into the egg industry, prosecute any violations of the antitrust laws it finds within, and ultimately, get the American people their money back.”
Just before testifying at an open meeting of the Federal Trade Commission (FTC), Farm Action sent a letter to agency chair Lina Khan detailing its “concerns over apparent price gouging, price coordination, and other unfair or deceptive acts or practices by dominant producers of eggs such as Cal-Maine Foods, Rose Acre Farms, Versova Holdings, and Hillandale Farms, among others.”
As Farm Action explained, “Egg prices more than doubled for consumers last year — going from $1.79 in December 2021 to $4.25 in December 2022 for a dozen large Grade A eggs.”
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