Soaring egg prices prompt demands for price-gouging probe

Cartons of eggs are on display at HarvesTime Foods on Thursday in Chicago.

OMAHA, Neb. (AP) — With egg prices more than doubling in the past year, calls are coming for an investigation into possible price gouging.

U.S. Sen. Jack Reed sent a letter Tuesday asking for the Federal Trade Commission to investigate whether egg prices have been improperly manipulated by producers. A farmer-led advocacy group called Farm Action made a similar request last week arguing that there “appears to be a collusive scheme among industry leaders to turn inflationary conditions and an avian flu outbreak into an opportunity to extract egregious profits.”

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