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Spain: Milk companies fined for operating a price cartel

By  |  March 8, 2015

Dairy companies have been fined €88m for fixing milk prices paid to Spanish farmers over thirteen years.

Eleven businesses, including the Spanish wings of dairy giants Danone, Nestlé and Lactalis, have been punished for anticompetitive practices by the country’s competition watchdog.

Authorities heard complaints of businesses sharing sensitive information about customers, trading terms and prices, as well as agreeing to split the market between them by fixing conditions and charges on farmers.

The CNMC said the practices distorted the normal functioning of the market and had negative effects, with famers hit the hardest.

 

Full Content: Farmers Weekly

 

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