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Potato Prices Inflated By Growers For Almost A Decade According To A New Lawsuit

Source: Graibeard via flickr

A lawsuit filed by the Associated Wholesale Grocers alleges that a major group of U.S. potato growers formed a cartel to inflate the price of their product since 2004.

Details of the lawsuit allege that the group acted much like the oil cartel OPEC to limit supply to drive prices in the marketplace.  The lawsuit claims that the potato farmers even used satellite technology to spy on growers to control total acreage and crop planting.

The Associated Wholesale Grocers represents more than 2,000 grocery stores and supermarkets in the United States.

 

Grocers allege potato group pumped up spud prices- MSN Money.

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