Why is the prevailing story in the media “the price of eggs is high” and not “record windfall profits from food and oil companies” ??
America’s largest egg producer Cal-Maine reported a record quarterly profit of $198 million
Anti-poverty charity Oxfam is calling for governments to impose windfall taxes on large food companies
THAT’S the story.
Grocery prices remained high even as inflation slowed.
butter prices rose 27%
milk rose 14.7%
flour rose 24.9%
Does anyone want to tell me how bird flu affects milk prices? Without laughing.
Without the birds, there's only bees. Explain that to horny cattle, that's the sting.
Well without knowing about the birds and the bees, we're not going to have any friskiness acted upon successfully.
So with the removal of the birds via H5N1, how can we explain to the cattle what to do?
If there are no calves, no milk produced, milk prices go up.
I think Australia is sussed but the big Eggageddon here in NZ now means NZ cheese is cheaper in Australia. Yes, significantly cheaper.
Bloody bird flu.
But seriously, that last bit - NZ has a supermarket duopoly. A Commerce Commission report concluded they make excessive profits.
So to alleviate our pain, if you spend enough at one, you get bricks (image credit Daniel Vernon, aka YeehawTheBoys).
Yeah, I ❤ capitalism.
flexghost.
Ice Nine