- Segunda-Feira 29 de Novembro de 2021
  acesse abaixo +
   news +

Breaking News on Food & Beverage Development ? Europe - Dairy industry hit by ?50m price-fixing fine

By Ben Bouckley, 10-Aug-2011

Related topics: Financial & Industry

The Office of Fair Trading (OFT) today fined dairy processors and retailers almost £50m for retail price-fixing in the early noughties.

After a lengthy investigation, the office found that Arla, Asda, Dairy Crest, Safeway, McLelland, Sainsburys and Tesco infringed the Competition Act 1998.

The infringement related to co-ordinated price increases on specific dairy products between 2002 and 2003.

Easy as ABC

This objective was achieved, the OFT said, by supermarkets indirectly exchanging retail pricing intentions via the major dairy processors, in a so-called ABC information exchange.

One infringement involved cheese in 2002. Asda, Dairy Crest, Lactalis McLelland before the Groupe Lactalis takeover, Safeway prior to its acquisition by Morrisons, Sainsburys, Tesco and The Cheese Company were all involved.

A further cheese infringement in 2003 saw Asda, Lactalis McLelland, Sainsburys and Tesco implicated. A liquid milk infringement also saw Arla, Asda, Dairy Crest, Safeway and Robert Wiseman Dairies involved.

However, one dairy industry source suggested to FoodManufacture.co.uk that the fines were unfair: The irony here is that the retailers and processors were trying to pass on [the proceeds of] higher milk prices to farmers. But the OFT judged that this was a breach of competition law.

Arla blows the whistle

John Fingleton, OFT ceo, said that the decision would send out a strong signal to supermarkets, suppliers and other businesses.

He added that the OFT would act and impose significant fines where it uncovers anti-competitive behaviour aimed at increasing the price paid by consumers.

However, Fingleton welcomed the co-operation of the firms that admitted to the infringements (all bar Tesco, which was fined £10.43m) and that lower fines had been imposed as a result.

Of the dairy processors involved, whistleblower Arla received 100% leniency for alerting the OFT to possible infringements and was not fined, despite its involvement.

Dairy Crest must pay £7.14m, Lactalis McLelland £1.66m and The Cheese Company £1.26m.

Robert Wiseman paid a £6.1m fine in December 2007 to reach settlement with the OFT, a figure reduced to £4.2m in March last year.

The sum has now been reduced to £3.2m, and a Robert Wiseman spokesman told FoodManufacture.co.uk: Were disappointed that we were ever involved in this. But the £1m fine reduction is welcome, and we will feed that into our numbers for 2010/11.

Copyright - Unless otherwise stated all contents of this web site are © 2011 - William Reed Business Media SAS - All Rights Reserved - For permission to reproduce any contents of this web site, please email our Syndication department copyright@wrbm.com - Full details for the use of materials on this site can be found in the Terms & Conditions

© 2011 - William Reed Business Media SAS - All rights reserved.


Indique esta notícia
Seu nome:
Seu e-mail:
Nome Amigo:
E-mail Amigo:
  publicidade +

Associtrus - Todos os direitos reservados ©2021

Desenvolvido pela Williarts Internet
Acessos do dia: 4868
Total: 3.529.912
supertotobet bahissenin bahissenin
1xbet 1xbet bahisno1 bahsegel canli casino ecopayz kacak iddaa canli bahis iddaa marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis restbet canli skor superbahis mobilbahis
betvakti elexusbet gorabet maksibet maltcasino milosbet quennbet setrabet atlantisbahis artoscasino dumanbet elitbahis fashionbet favoribahis hiltonbet liderbahis oslobet romabet vegabet yorkbet kalebet bet10bet bahislion bahislion bahislion betpark dakikbet dumanbet fenomenbet holiganbet kalebet kolaybet lordbahis olabahis onwin piabet pusulabet süper10bet vipbahis supertotobet mariobet bahigo bahis siteleri güvenilir bahis siteleri kaçak bahis siteleri 1xbet ligobet polobet verabet