Grocers accused of egg hiking prices
The state of California has filed a legal action against several larger-name epicators.
For many, the need to cutCosts on the grocery bill is essential, but it seems like some of yourfavorite grocery store Hook the price on what is usually an inexpensive object: eggs.
Costco, Trader Joe's and whole foods are one of more than 24 grocery channels and egg producers accused of increasing the price of eggs during thePandemic of Covid-19-And California told them with a trial.
According toSfgateThe prosecution was filed last Monday "in Federal Court on behalf of California's consumers, California's consumer prices have not only tripled in these stores, but that prices remained 10% higher than they had before March 4 when Governor Gavin Newom has declared a state of emergency. "
The Bloomberg law acquired the combination, which detailed that the cost of eggs increased by more than180% During the pandemic - enough price increases to violate the law. According to CaliforniaPenal Code 396It is illegal for anyone, entrepreneur or company to sell food at a price above 10% immediately before the state of emergency is declared.
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However, it is possible that these price hikes are also attributable to, asFood News Newsunderlines, schemes of erratic consumption. In early March, demand for eggs and processed egg products has increased asstored consumers food. Refrigerated sections of cooler and freezing toPopular grocery chains It quickly became vacant as people accumulated goods to last several weeks. Industry experts say that the demand for several groceries has increased by 200% and, of course, as demand increases, the price.
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The USDA stated that the average rank of rank grade of a big egg culminated between about $ 2.91 and $ 3.06 per dozen of the week of April 3 during the week of April 3rd. It's about three and a half times the price was a previous month. However, this price decreased by about 30% within two weeks, averaged about $ 2.09 to $ 2.24 per dozen. This average price range has continued to lower this week too.
The egg offer has never been in danger: rising prices occurred from rising purchase increases and delivery schedules were to be rearranged to adapt to demand.
"Business is not good for our industry," said a Midwest egg processor toFood News News. "It does not matter where you are in the chain, everything is transformed into losses. People are desperate."
