Bayer AG, Corteva Inc., BASF Corp. and Syngenta Corp. are facing another antitrust lawsuit alleging the large agricultural product manufacturers colluded to prevent electronic sales platforms from disrupting their market dominance and lucrative supply chain.
The companies dominate the sales and distribution of seeds, pesticides and other products, maintaining “supracompetitive prices” by denying farmers accurate pricing information, according to a proposed class action filed Thursday in the U.S. District Court for the Southern District of Illinois.
The price of seed corn rose 300% in the last 20 years, while corn yields increased only 33% to 35%, according to the filing ...
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