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ADM Price fixing: the way it works and the effects it can have. A comparison of two companies in which price fixing was a factor.
ADM Price Fixing
April 6, 2002
When two or more companies the produce and sell the same products, join together in order to control the price of their products, price fixing has then occurred. Archer Daniels Midland (ADM) is a company involved in the procuring, transporting, storing, processing, and merchandising agricultural commodities and products. The FBI conducted an investigation accusing them of fixing prices with its two Japanese competitors Kyowa Hakko and Ajinomoto, to control the price of lysine. Lysine is an amino acid used to stimulate animal muscle…
- ADM Price fixing: the way it works and the effects it can have. A comparison of two companies in which price fixing was a factor.
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