Eggcellent, page-81

This is definitely the upswing - changes are probably well underway in each of the three main players. Automation has also played its part in the last five years.

Because the industry is slightly oligopolistic, hence litigation against proposed cartelisation, a price war could be less likely. Like you mentioned, lowest cost producers would win a price war and this could come down to scale of operations. Shame only 1/3 is listed.

The three main concerns for me are:

a) whether this company will continue to spend on Capex after this round of investment;
b) how rational are the industry participants given the risk of a price war; and
c) how much further can the big supermarkets squeeze egg producers.