Texas accuses US' largest egg producer of price gouging

1 year 3 months 1 week ago Friday, April 24 2020 Apr 24, 2020 April 24, 2020 11:38 AM April 24, 2020 in News - AP Texas Headlines

HOUSTON - Texas’ attorney general has accused the nation’s largest egg producer of price gouging during the coronavirus pandemic. The Houston Chronicle reports that a lawsuit filed Thursday by Republican Attorney General Ken Paxton alleges that Cal-Maine Foods raised generic eggs price by 300% even though the pandemic hasn’t disrupted its supply chain. . Texas is seeking more than $100,000 in damages. Mississippi-based Cal-Maine denies the allegations, saying its prices are based on independent market quotes. Paxton's lawsuit alleges that Cal-Maine’s egg prices jumped from about $1 per dozen to as high as $3.44 as consumers stocked up on staples. The lawsuit says Cal-Maine “is simply charging more because it can.”

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