Apparently the reason the price of eggs is so high is because A LOT of chickens had to be destroyed this year due to avian flu. We're talking millions of birds. Fewer chickens, less eggs, higher prices.
I mean that the published answer. There is another narrative where due to weak central governments that aren't interested in protecting consumers, companies have realized there is quite a bit more meat on the bone when it comes to margin if consumers have no real choice.
Companies see the federal line that we're in an inflationary environment and raise prices re-actively.
The commodity business is usually intensely competitive. Single firms don't have the market power to set prices. If firms are colluding they are breaking the law and I guess might have to pay a fine in 5 years or something.
Companies see the federal line that we're in an inflationary environment and raise prices re-actively.