EUROPEAN COMMISSION IMPOSES HUGE FINES OVER ANIMAL FEED CARTEL
July 1st, 2010
BY KEITH NUTHALL
THE EUROPEAN Commission has fined 12 producers of animal feed phosphates Euro EUR175million for operating a cartel across Europe, inflating feed prices for livestock producers. Phosphates are widely used in feed, including for cattle, pigs and poultry. The Commission said the cartel covered "most of the EU" in sharing markets and fixing prices. And although it does not include British companies, members' products have been sold across Europe. EU competition Commissioner Joaquín Almunia said he was "surprised that the main ...
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