Farm Pride Foods Limited
(ASX:FRM) says it has received notice from the Federal Court that the ACCC will appeal against the judgement that clears Farm Pride Foods from allegations of an egg cartel attempt.
The egg supplier and a number of other parties in the egg industry were being investigated by the ACCC.
The watchdog was alleging Farm Pride and other parties were inducing producers into an arrangement to cull hens to reduce the amount of eggs available for supply therefore driving up prices.
The Federal Court handed down a decision in favour of Farm Pride Foods on February 10. The company continues to deny the allegations.
Farm Pride Foods made a net profit of $3.828 million for the six months to end of December 2015.
