A PYMNTS Company

Netherlands: $5.4M fine for onion plant cartel

By  |  February 5, 2013

A $5.4 million fine has been levied by the Netherlands Competition Authority on seven companies that grow, process and sell planting onions for cartel behavior, according to reports. First year planting onions are planted for second year onions, which are edible. A statement from the NMa says that the companies colluded to increase the price of planting onions by decreasing supplies. According to reports, the seven businesses are responsible for about 80 percent of the supply in the Netherlands.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: Fresh Plaza

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.