Consumer watchdog cracks down on alleged egg cartel

要点

• The consumer watchdog has launched Federal Court action against Sunny Queen and 11 other egg producers and suppliers. The competition regulator alleges the companies shared information about future production and agreed on a common pricing method since at least October 2020.
• It also alleges coordinated culls during periods of oversupply and falling wholesale prices. Sunny Queen denies the allegations and says it will defend the case.
• The watchdog is seeking penalties, injunctions and other orders.