SINGAPORE (Dec 18): An almost 30% jump in egg prices in just one week has prompted a Malaysian government investigation into potential collusion.

The cost of a crate of 10 eggs in the administrative capital of Putrajaya climbed as high as 5.11 ringgit ($1.68) at the start of December, from 3.98 ringgit a week earlier, according to the Domestic Trade and Consumer Affairs Ministry. Average prices in Malaysia are currently about 4 ringgit for 10.

The ministry is looking across the supply chain to determine whether collusion or cartels artificially boosted prices, Minister Saifuddin Nasution Ismail said in response to questions from Bloomberg.

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