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What is ADM Fined $16M for Lysine Price Fixing about?

Archer Daniels Midland, a US corporation, pleaded guilty to participating in price fixing conspiracies in the lysine and citric acid industries and was fined $16 million by Competition Bureau, the largest fine ever imposed under the Competition Act. The company fixed prices and allocated market shares for lysine, for which it was fined $9 million and $5 million respectively. For citric acid price fixing it was fined $2 million. Both lysine and citric acid are used as food and feed additives. As a result of

Author

Pradeep Thomas

Language

EN