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US: Chicken producers sued for price fixing

By  |  September 28, 2016

Food distributors are suing the $29 billion chicken industry, charging that producers are engaging in price-fixing to keep retailers paying up to 50% more per bird than they should.

The lawsuit states that big chicken manufacturers engage in price fixing by keeping the amount they produce artificially low, which inflates prices.

The suit also said chicken companies had access to stats about their competitors’ production, scaled back on the size of their breeding flocks, exported eggs rather than selling them in the U.S. and bought one another’s chickens.

The poultry producers targeted by the suit dispute the charges and blame the higher prices of chicken on the rising cost of chicken feed.

Full Content: Time

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