A PYMNTS Company

Netherlands: Onion cartel lands fine for seven

By  |  March 8, 2013

The Netherlands Competition Authority has issued a press release announcing fines issued to seven entities in the onion sector for price-fixing. The amount fined, however, was not released. According to the NMa, a cartel existed between sellers of onion sets and the authority found the entities to have attempted to fix prices by destroying crops in 2009 in an effort to reduce supply. The NMa also found the parties colluded to exchange market-sensitive information. The cartel was discovered through anonymous tips offered to the authority.

    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.

     

    Full Content: NMa

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