Basel Musharbash
Giant Egg Company: We raised egg prices by nearly 300% last year, our gross margin by over 500%, and our gross profits by over 1000% NYT/Vox
Reporters: Got it. So we should blame skyrocketing egg prices on a minor avian flu outbreak that barely touched egg production, right?
from a forthcoming letter to the FTC by @FarmActionUS:
They’re doing this shit in plain sight and it pisses me off, man. Top dog egg producer w/ 20% market share started bumping up its prices early in year. Wound up hiking prices nearly three-fold & gross margins over five-fold, and the other major producers just followed its lead.
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