This summer, one of the country’s largest egg producers was charged with price gouging, inflating the price of their eggs to “unconscionably excessive” levels during the peak months of the pandemic. According to the New York Attorney General, the Ohio- and Pennsylvania-based producer Hillandale Farms (allegedly) charged up to four times more per carton in March and April, netting the company $4 million. [1]
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How price benchmarks shape markets
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This summer, one of the country’s largest egg producers was charged with price gouging, inflating the price of their eggs to “unconscionably excessive” levels during the peak months of the pandemic. According to the New York Attorney General, the Ohio- and Pennsylvania-based producer Hillandale Farms (allegedly) charged up to four times more per carton in March and April, netting the company $4 million. [1]