Vital Farms CEO says he can't explain significant rise in egg prices
Vital Farms CEO Russell Diez-Canseco discusses the rise in egg prices.
You can see the entire interview here.
Key Video Takeaways
00:25 On Vital Farms egg prices
00:36 On not understanding the rise in prices
Video Transcript
DAVE BRIGGS: Sir, I just want to come full circle and be clear about this. It sounds as though you actually agree with Senator Reid, without naming names, that some are price gouging when it comes to the prices of eggs.
RUSSELL DIEZ-CANSECO: All I would say is that it's a head scratcher for us. I don't see anything in my cost structure that would have led me to raise our prices by as much as you're reporting. We've taken just enough price to keep ourselves whole and continue to pay our farmers an appropriate profit for the work they do. I'm not suggesting anybody's price gouging. I'm just saying I can't explain why prices have gone as high as they have.
