:. Food Industry News


Spanish Authorities Probe Food Price Fixing Claims

Source: Reuters
04/04/2008

Madrid, April 4- Spain's consumer watchdog has launched an investigation into price-fixing by food producers following complaints by consumer groups about sharp price rises.

Daily News Alerts

Spanish inflation has been running at record levels and opposition candidates cited steep rises in food prices to attack the incumbent Socialist government's economic record in the run-up to elections last month.

A statement by the National Competition Commission on its Web site said it was investigating if there had been any anti-competitive activity in the pricing of chicken, eggs and bread, following a request by the Organisation of Consumers and Users.

"In the light of information analysed and especially the numerous statements by business associations in the sector, it is deemed that the latter may constitute practices contrary to the Defence of Competition Act," the statement said.

A spokesman for the Spanish food industry denied charges of price-fixing and accused the government of inaction and trying to shift the blame for price rises on to producers.

"We warned that prices were rising and nobody did a thing. They want to put up a smoke screen and need a scapegoat, so they've grabbed us," Food and Beverage Industry Federation Jorge Jordana told a news conference on Thursday.

He said food prices had risen due to increases in grain and oil prices as well as the cost of packaging and mergers between supermarket chains.

In February, the latest date for which detailed figures are available, the agriculture ministry estimated the price of chicken had risen by 16 percent in the previous 12 months.

Jordana said there were 32,000 food production companies in Spain, which would make pricing deals very difficult: "It is irrational to think of price-fixing with so many companies."

Spain has been particularly vulnerable to rocketing world commodities prices as it does not produce enough grain to meet its needs and relies on imports. The country also lacks grazing land and livestock farmers depend on expensive animal feed.



GO   View more articles on this subject


More Alerts from 04/04/2008


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
Update on Negotiations Between Barry Callebaut and...
Credit Suisse Advises SOS Cuetara on Potential Sales
Spain's Natra to Double Capital, Raise 42.6 Mln Euros
Spain: SOS Cuetara to Take Legal Action Against Salazars
Barry Callebaut Negotiations with Natra Regarding Combination...
Natra Scraps Plan to Halve Natraceutical stake
Spain Grainbelt Suffers Storm Damage
Spain's SOS Names Caja Madrid Man as Chairman
Sos Cuetara To Take Legal Action Against Ousted Executives;...
Spain: Europastry Sees International Operations Growing...

More in Food Industry News
Athens Bomb Targets McDonald's, No Injuries
More Australian Dairy Cattle to Be Exported to China
Tesco Survives Investor Protest over Share Options
India May Consider Import Tax Crude Palm Oil
Australia: Warrnambool Cheese Cuts Milk Price for Farmers...
Unilever Exec Says Russian Business Buoyant
Codex Adopts Key Provisions for Food Supplements -...
Euro Zone May Retail Sales Fall More Than Expected
Fonterra Appeals Commerce Commission Ruling
Philippines Bought Rice Above Market Prices

Top Headlines
Unilever Exec Says Russian Business Buoyant
Codex Adopts Key Provisions for Food Supplements -...
Euro Zone May Retail Sales Fall More Than Expected
Fonterra Appeals Commerce Commission Ruling
Philippines Bought Rice Above Market Prices
Fortis Cuts 2009/10 Global Cocoa Deficit Forecast
Seven & I Shares Sink on Big Q1 Profit Decline
Guatemala June Coffee Exports up 4.9 Pct yr/yr
France, Germany Ask EU to Help Dairy Market
Symrise Falls on M.Stanley Downgrade
Tetra Pak Acquires Scanima A/S Mixer Division
Indian Farmers to Reap Good Harvest from Budget
French Organic Baker Biofournil Buys Biscuit Producer...
Unilever Closes Acquisition of Baltimor Sauce Business
China Marine Food Group Limited Leads Government Sponsored...
SkyPeople Fruit Juice, Inc. Establishes California-based...
A Process for the Preparation of a Hydrolysate
Parallel Gum Component Mixing Systems and Methods


 


FLEXNEWS 2009 - All rights reserved
ISSN 1950-6228