Dairy companies have been fined €88m for fixing milk prices paid to Spanish farmers over thirteen years.
Eleven businesses, including the Spanish wings of dairy giants Danone, Nestlé and Lactalis, have been punished for anticompetitive practices by the country’s competition watchdog.
Authorities heard complaints of businesses sharing sensitive information about customers, trading terms and prices, as well as agreeing to split the market between them by fixing conditions and charges on farmers.
The CNMC said the practices distorted the normal functioning of the market and had negative effects, with famers hit the hardest.
Full Content: Farmers Weekly
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Apple Faces Contempt Hearings Over App Store Reforms
May 19, 2024 by
CPI
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI