Egg cartel allegations against major Australian suppliers | 7NEWS
Community Score: 50% | 3.6K views | 3d
0 community ratings: null thumbs up, null thumbs down
The ACCC has launched federal court proceedings against Australia's largest egg supplier Sunny Queen and 11 other major producers, alleging they operated a cartel for six years to manipulate production, supply and prices of cage, free-range and organic eggs. The competition watchdog claims the companies coordinated anti-competitive decisions instead of competing independently, with allegations that Sunny Queen also prevented rival Kinross from supplying major supermarkets. Sunny Queen has denied the allegations and intends to defend the proceedings, while Australians now consume a record 282 eggs per person annually. Subscribe and set 🔔 » https://7news.link/YTSubscribe | For the latest Australian news and breaking news alerts, connect with 7NEWS online: Visit » https://7news.com.au 7Plus » https://7plus.com.au/ 7NEWS Podcast » https://open.spotify.com/user/dm9fk9hzoe68ibpttheragdgi Facebook » https://www.facebook.com/7NewsAustralia TikTok » https://www.tiktok.com/@7newsaustralia In
Tags: 7NEWS, 7NEWS Australia, 7newsaustralia, ACCC, Australia, News, SunnyQueen, australia, breaking news, cartel, channel 7, eggprices, latest news, latest news today, news australia, seven news
More from 7NEWS Australia
- Israel strikes Tehran as war escalates | 7NEWS — Score: 50%
- Iran strikes US bases across Middle East — Score: 50%
- Plane crash kills 15 people in Bolivia — Score: 50%
- Huge cooling tower demolished in Germany — Score: 50%
- Justin Bieber jams on piano at LA design store — Score: 50%
- Rugby league fans celebrate in Vegas with Elvis wedding | 7NEWS — Score: 50%