The Antimonopoly Committee of Ukraine (AMCU) has initiated an investigation into the reasons behind the rise in chicken egg prices in October 2024, the agency's press service reported.
According to information on the regulator's website, the AMCU has already issued requests for information directly to chicken egg producers, their sellers, as well as to feed producers, whose costs are one of the main components of the production cost of chicken eggs.
The regulator reminded that it is not the first time it has responded to the situation regarding rising egg prices. In October 2022, an investigation was launched into the causes of increased prices for chicken eggs in domestic retail chains. During the investigation, data was collected and analyzed from market participants at every stage of the product's journey from producer to end consumer.
The AMCU also noted that it has expanded the scope of the investigation concerning this group of goods, which began in September-October 2022, extending it until October 2024.
"After receiving responses from market participants to the requests and subsequently analyzing all factors influencing the pricing behavior of economic entities at every stage of the product's turnover, final conclusions will be drawn regarding the presence or absence of signs of violations of legislation on economic competition protection among the participants in the involved commodity market," the AMCU summarized.
As reported, in October, record-high prices for chicken eggs were established in Ukraine, exceeding the threshold of 60 UAH per dozen. The Ukrainian Poultry Farmers' Union explained this delayed reaction from poultry farmers, who were operating at a loss in the summer of 2024, while the costs of feed and electricity had significantly increased, and the industry can no longer afford to operate at a loss.