Information showing that beef processors charge similar prices does not, in itself, constitute evidence that a cartel is in existence and despite considerable engagement with various beef industry stakeholders, the CCPC has said it found no evidence of a cartel agreement between beef processors in the State. "Information showing that beef processors charge similar prices does not, in itself, constitute evidence that a cartel is in existence. Despite considerable engagement with various beef industry stakeholders, the CCPC found no evidence of a cartel agreement between beef processors in the State," it said. However it said imports are not in themselves anti-competitive and do not come under the remit of competition law. "They are owned by beef processors or by farmers who have supply contracts in place with beef processors which guarantee a set price for cattle which meet agreed carcass specifications.

Source: Irish Independent June 05, 2020 15:56 UTC