US Agriculture Secretary Brooke Rollins said the US will investigate suppliers of crop inputs such as seeds and fertilizers for potential antitrust violations, sending share prices plunging.
The agriculture and the justice departments have signed a memorandum of understanding to “take a hard look and scrutinize competitive conditions in the agriculture marketplace, including antitrust enforcement that promotes free market competition,” Rollins said Thursday during a conference in Missouri.
Shares of North American fertilizer producers Nutrien Ltd., CF Industries Holdings Inc. and Mosaic Co. slumped more than 3% after Rollins’ remarks, reversing earlier gains.
The cost of key inputs ...
