facebook
twitter
rss
account
search
search
 

Dole, Del Monte fined over banana pricing

Oct. 15, 2008 at 3:36 PM   |   Comments

BRUSSELS, Oct. 15 (UPI) -- The European Commission Wednesday said California fruit producers Dole and Del Monte have been fined more than $80 million for fixing prices of bananas.

The companies were accused, along with Chiquita, of fixing prices during weekly phone calls between 2000 and 2002, Deutsche Welle reported Wednesday.

Dole was fined $61.6 million. Del Monte was fined $19.8 million. Chiquita escaped punishment due to its role of whistle-blower in the case.

"European consumers spend significant sums on bananas every year," Competition Commissioner Neelie Kroes said in a statement.

"It is totally unacceptable for companies to have rigged prices in this manner and the companies concerned must learn the hard way that the commission will not tolerate such behavior," Kroes said.

Topics: Neelie Kroes
© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Freedom variant LCS takes to water Freedom variant LCS takes to water
2
MDA demos tracking, targeting capability of Aegis MDA demos tracking, targeting capability of Aegis
3
Iraq seeks thousands of tank rounds Iraq seeks thousands of tank rounds
4
CNN absent from the Dish Network lineup CNN absent from the Dish Network lineup
5
Australia upgrading Tiger helos; receives MH-60R from U.S. Australia upgrading Tiger helos; receives MH-60R from U.S.
Trending News
Around the Web
x
Feedback