EC raids European offices of US food Giants Cargill and Bunge for Possible Anti-Trust Violations
EC raids European offices of US food Giants Cargill and Bunge for Possible Anti-Trust Violations
Article by J Hardy
The European Commission conducted surprise raids on Cargill, Bunge LTD, and multiple grain distributors in two European countries in July. Cargill is the world’s largest agribusiness firm and the second-largest private company in the United States. The Commission suspects Cargill, Bunge and additional unnamed companies of fixing prices of grain. The grains in question are used for both human and non-human animal consumption.
The Commission does not announce the names of firms during ongoing investigations, but Cargill and Bunge publicly admitted that the Commission visited its Italian offices. Cargill is headquartered in Minneapolis and Bunge in White Plains, New York.
The raids come at a time when the prices of many grains, including wheat, corn, soybean and rice, are at an all time high across continents. Prices have rose steadily during the last six years due to a variety of reasons, including increased
Mots clés: bunge cartel investigation, bunge raid commission antitrust 2011
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