Bulgarian Watchdog Suspects Flour Cartel

Business | October 4, 2012, Thursday // 18:39

The Bulgarian state anti-trust agency has launched a price-fixing investigation in the country's the flour producton sector.

The investigation is part of a broader analysis by the Commission on Protection of Competition regarding the production chain linking wheat, flour and bread.

In particular focus has come the Union of Bulgarian Millers, a sector association bringing together Bulgaria's largest flour producers.

The Commission has said that fluctuations in wholesale flour prices unrelated to fluctuations in the price of wheat give it grouds to believe that a cartel agreement might be in place.

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Tags: Commission on Protection of Competition, wheat, flour, price-fixing
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