General World News

Subway accuses US pork producers of being involved in a price-fixing conspiracy, which it says led to inflated costs for more than a decade

A man in a restaurant uniform makes a Subway sandwich with pickles and tomatoes

Summary List Placement

Subway has accused a group of leading US pork producers of taking part in a long-running illegal conspiracy to fix wholesale prices. 

In a late-June lawsuit filed in US District Court in Connecticut, the chain said pork producers who control about 80% of the wholesale market in the US shared data that they wouldn’t in “a normal, competitive market.”

The price-fixing complaint centered on the statistics company Agri Stats, which was also named as a defendant.

Subway said the pork producers used Agri Stats to share information about “profits, prices, costs, and production levels.” Some of the information details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com