20+ agribusiness companies suspected of cartel activity
The National Competition Authority (GVH) has launched an investigation of suspected cartel activity by makers of insecticides and pesticides, releasing a list of over 20 companies in the subsector plus its major trade organization to be checked for collusion.
A GVH statement informed that the companies were suspected of colluding on conditions for orders and sales since 2008, sometimes using their membership in NMKSzE, a professional association for dealers of pesticides, insecticides and artificial fertilizers. The office reported it had carried out surprise on-site investigations at several of the suspected businesses on December 19, 2013.
GVH launched procedures against NMKSzE; BASF Hungária Berendezes- és Szolgaltatas Kereskedelmi Kereskedelmi; Bayer Hungária; Chemtura Europe; Dow AgroSciences Hungary; DuPont Magyarorszag; Monsanto Hungária; Agro Multisector; Alisca Agrárház 2010; Arysta LifeScience Magyarország; Cheminova Magyarország; Dr. Szabó Agrokémiai; Hogyeszi Agrokémiai; IKR; KITE; Kwizda Agro Hungary; LASA Agrokultura; Makhteshim Agan Hungary; Nufarm Hungária; SUMI Agro Hungary; and Syngenta Növényvédelmi.
The launch of the procedures do not mean the companies have broken anti-trust laws, GVH noted.
GVH has six months to complete the procedures, but may extend the period twice, by a period of six months each time.
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