US DOJ files meat industry antitrust case against Agri Stats

:The U.S. Department of Justice on Thursday filed an antitrust lawsuit against data company Agri Stats, alleging that its weekly reports on meat pricing and sales have enabled anticompetitive practices in the chicken, pork, and turkey industries.

"Agri Stats operates its information exchanges to promote total industry profits at the expense of competition," said the DOJ's complaint. "Agri Stats provides vital benchmarking services that help keep production costs and prices low for consumers," Bernick said in an email. In one example laid out in the complaint, Tyson Foods in January 2010 allegedly told its sales employees to use Agri Stats data to negotiate for higher prices from retail buyers.

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Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »