A report on Price fixing, Lysine price-fixing conspiracy and Cartel

A criminal investigation resulted in fines and three-year prison sentences for three executives of ADM who colluded with the other companies to fix prices.

Cartel behavior includes price fixing, bid rigging, and reductions in output.

The cartel had been able to raise lysine prices 70% within their first nine months of cooperation.

Examples of prosecuted international cartels are those that controlled the prices and output of lysine, citric acid, graphite electrodes, and bulk vitamins.

When the agreement to control price is sanctioned by a multilateral treaty or is entered by sovereign nations as opposed to individual firms, the cartel may be protected from lawsuits and criminal antitrust prosecution.

The number of cartel discoveries per six-month period in the US.pnge Cartel: An employee of Archer Daniels Midland (ADM) alerted authorities of the existence of the cartel within the Lysine industry.