The chairman of Australia’s peak red meat industry body insists he has no knowledge of collusion among buyers and sellers of livestock.
David Larkin from the Australian Meat Industry Council told a Senate inquiry into the sector on Tuesday that he has never heard of colluding in the beef marketplace.
But Nationals senator Bridget McKenzie said the committee had been presented a “significant” body of evidence suggesting otherwise.
That included allegations of a boycott of a cattle sale in Barnawartha, near Wodonga, by at least nine meat processors over a dispute about the timing of weighing the cows.
The matter is being investigated by the Australian Competition and Consumer Commission.
Victorian farmer Laurie Horne also claimed to have seen “shameful” collusion over the years, and that anyone who didn’t think it existed had never been to a sale yard.
“We don’t want to talk about it, but it happens,” Senator McKenzie said.
“And Mr Larkin, if you’ve been involved in this industry for 32 years and you can sit here and say it doesn’t happen at the buyer end or the seller end, I think is pretty rich.”
Meat and Livestock Australia’s Peter Hall said he, too, had no direct evidence, but acknowledged there had been “a lot of hearsay” in his four decades in the industry.
Full content: The Australian
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI