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Egg prices rose 60% in 2022. One farm group claims it’s a ‘collusive scheme’ by suppliers

Egg prices jumped 60% in 2022, according to the consumer price index, an inflation measure.

One farm group claims major egg suppliers have engaged in a “collusive scheme” to gouge and fix prices to boost profits, and called on the Federal Trade Commission to investigate.

Egg producers and food economists suggest a deadly outbreak of bird flu has compounded into a significant supply problem, at a time of peak demand and higher costs for feed and transportation.

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by Anonymousreply 4January 31, 2023 4:14 AM

BRANSON, MO — The cost of groceries has continued to rise, despite the Biden Administration's concerted effort to reduce inflation by printing money. In fact, prices have now increased to the point that a Payday Loan Center was seen setting up shop in the egg aisle of a local grocery store.

The store graciously made room for the new enterprise by throwing out all of the Beyond Meat™.

"Shout out to Joe Biden for providing much-needed employment for loan sharks like me," said Payday Loan Center franchisee, Dirk Greedsniffle, while lighting a Cuban cigar and flicking grocery dust off his bright blue pinstripe suit. "By wringing every penny out of vulnerable families, I'll be able to afford eggs myself!"

A young mother then approached the shiny, oak desk of Greedsniffle and took out a short-term loan with a reasonable 75% interest rate, compounded daily, then carefully placed a single egg in her shopping cart and, ever-so-gently proceeded to checkout.

At publishing time Republican lawmakers had proposed a bill aimed at helping working-class families who suffer from rampant inflation by providing Payday Loan Centers in every home.

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by Anonymousreply 1January 31, 2023 3:34 AM

Edie’s worst nightmare is coming true

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by Anonymousreply 2January 31, 2023 4:03 AM

If you go on the websites for many small farmers and some of the larger national organic egg producers, they've put out statements announcing that they have not raised their prices for supermarkets, but grocery stores are continuing to mark up organic and free range eggs to maintain the normal price differential.

I am lucky to live in an area where I can get eggs directly from local farmers. The prices have not gone up for direct purchase, aside from a marginal bump to reflect grain prices. The avian flu impact has not been drastically different this year than other recent years, and farmers that raise chickens with more space have (predictably) seen less illness and death in their birds for the past few years. Yet none of that is reflected in prices from third-party sellers.

This is not something I'm normally invested in, or know much about. Nor am I really conspiracy-minded (mostly because I'm too lazy to follow conspiracies), but talking to local farmers about this really has me wondering what's going on.

by Anonymousreply 3January 31, 2023 4:10 AM

There is NATIONWIDE price gouging going on. You're telling me there are ZERO 20 pound bags of cat litter but there are plenty of 12 dollar bags for sale? Same with the cat food. Same with the Laundry Detergent.

by Anonymousreply 4January 31, 2023 4:14 AM
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