The American Antitrust Institute released a report calling for a global crackdown on the world’s fertilizer industry, which is plagued by collusion so rampant the market now has a “global super cartel,” say reports.
The report, penned by Diani Moss of the AAI as well as Professor C. Robert Raylor from Auburn University, says that the world’s potash industry is controlled by two government-sanctioned associations, US-based PhosChem and Canada-based Canpotex, as well as one private monopoly (likely controlled by the Moroccan government) and three companies in the former Soviet Union. It’s a structure leading to anticompetitive collusion between the companies and a highly manipulated market.
Now, the AAI says, regulators much act to break such market structure; global watchdogs must coordinate an enforcement response against the industry and restore competition. The report suggests “civil and criminal penalties” to deter such collusion.
Full Content: Corporate Crime Reporter
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Hess Shareholders Approve $53 Billion Merger with Chevron
May 28, 2024 by
CPI
EU Regulators Engage with Telegram as App Nears Critical Usage Threshold
May 28, 2024 by
CPI
EEX Offers Remedies to Address EU Antitrust Concerns Over Nasdaq Deal
May 28, 2024 by
CPI
BRG Expands European Competition Practice with New Expert Team in Brussels
May 28, 2024 by
CPI
UK Law Empowers Regulators to Fine Big Tech Without Court Approval
May 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI