A PYMNTS Company

US/Canada: Potash giants offer millions in cartel settlement with farmers

By  |  January 31, 2013

Canada’s largest exporters of the alkaline potassium compound potash have reportedly reached a deal to settle a lawsuit brought against them by US farmers and buyers over allegations the exporters colluded to raise prices. Potash is vital for farmers as a crop nutrient. Three major exporters were named in cases filed in 2008 in Illinois; collectively they controlled 70 percent of the global market and were accused to acting as a cartel to raise prices in US exportations. Potash Corp., the largest of the group, has announced it settled eight private actions in the US totaling a settlement of nearly $44 million.

    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: The Globe and Mail

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