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by nobodyandproud
1193 days ago
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The article also mentions: - Inflation, which can’t explain the price rise; as beef and chicken (meat) did not increase at the same rate. - Excess profits earned compared to earlier quarters; also difficult to explain if the company in question faced a massive loss. How is this not relevant? |
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Excess profits can be caused by any number of things. If the price of the eggs increased exactly enough to match inflation and loss from avian influenza, but there was also increased efficiency from new processing techniques and equipment, that's profit. If they managed to pay their workers even less than they pay in a normal year by citing increased company costs, then they pocket that too. Again, you'd need to see actual numbers and not casual conjecture to make any real calls as to what's happening in this situation.