A PYMNTS Company

Bell pepper and onion cartel fined € 23 million

By  |  June 6, 2012

The NMa has fined bell pepper and silverskin onion growers € 23 million for engaging in a price-fixing cartel. Bell pepper cooperatives UWG and Rainbow were fined € 14 million for inflating prices. Five silverskin onion growers were fined for agreements to limit production to increase prices between 1998 and 2010.

The market gardeners’ association LTO Glaskracht has come out against the ruling and the fine, arguing that bell peppers were sold at market prices and that it was unlikely only two players could have set prices in a 300-player industry.

Full content: Toronto Sun

 

Related content: Antitrust Oversight: More an Art than a Craft (Pieter Kalbfleisch, Netherlands Competition Authority)

 

 

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