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Australia: Federal Court rules ACCC claims of egg cartel ‘not proven’

By  |  February 10, 2016

The Federal Court has dismissed allegations a national egg industry lobby group tried to set up a cartel in 2012 to limit egg supply and boost prices.

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    The Australian Competition and Consumer Commission claimed the Australian Egg Corporation Limited, three directors and two egg companies tried to enter into an agreement or understanding to limit egg production.

    A primary concern of the ACCC was a series of meetings held by the egg industry in 2012 todiscuss an oversupply of eggs, and the impact it might have on prices.

    The court was also told of a 2012 ABC Rural story in which AECL managing director James Kellaway discussed a surplus of eggs, suggesting some 400 to 500 birds may have to be culled in order to maintain producer profits.

    Full content: ABC News

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