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Biomar Chile, Skretting, Ewos Chile and Salmofood face $70 million fine

Christian Fernsby ▼ | January 8, 2020
Feed producers Biomar Chile, Skretting, Ewos Chile and Salmofood have been accused of price fixing between 2003 and 2015.
Biomar Chile
Food in Chile   Biomar Chile
Chile’s National Economic Prosecutor’s Office (FNE) has asked Chile’s Tribunal de Defensa de la Libre Competencia (TDLC) to issue the maximum penalty to three of the four companies, which would equate to US $70 million.

Topics: Biomar Chile Skretting Ewos Chile Salmofood fine

The companies, which provide 100 percent of Chile's salmonid aquafeeds, have been accused of fixing the prices and volumes of feed supplied to their customers as well as agreeing the prices of some of the raw materials used in feed formulations.

Ewos is likely to escape the fines having acted as a whistleblower the company's anti-competitive practices were reported by Cargill after buying the firm from Altor and Bain Capital in 2015.