Re:Record-Breaking Egg Profits Prompt Accusation of Price Go...
by margalabargala on Wednesday February 22, 2023 @03:34PM
(#34902225)
I heard the same.
At some point, price gouging laws apply.
But below that point, if one company takes steps to prevent bird flu in their flocks, then they get rewarded when all the other flocks get bird flu.
Rather than looking at one company who managed to do well in the situation, I'd be curious to know what happened to overall egg producer revenues. If they went up, there's likely price gouging going on. If they went down or stayed the same, well, that's bird flu, and this company did well by planning for the future.
At some point, price gouging laws apply.
But below that point, if one company takes steps to prevent bird flu in their flocks, then they get rewarded when all the other flocks get bird flu.
Rather than looking at one company who managed to do well in the situation, I'd be curious to know what happened to overall egg producer revenues. If they went up, there's likely price gouging going on. If they went down or stayed the same, well, that's bird flu, and this company did well by planning for the future.