“Around 40 percent of all potatoes grown in the United States are sold to frozen potato companies — 17 billion pounds annually,” the lawsuit said. Four firms then buy the potatoes, prepare and freeze them before packaging them.
While there were over a dozen companies 20 years ago, that number has slowly shrunk to just four. They’re named: Lamb Weston, Canada-based company McCain Foods, the J.R. Simplot Company, and Cavendish Farms. The first two control about 70% of the market, while J.R. Simplot manages about 20%, the report says.
They’ve all told restaurants and bars that they’ll increase prices by $0.12 per pound in April.
“It was just the most obvious example of collusion I’ve seen in a long time,” said Washington, D.C., bar owner Josh Saltzman. “All of them were raising their prices by virtually the exact same amount within a week of each other.”
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Pet peeve, but why not link the original site?
https://www.levernews.com/the-rise-of-big-potato/
And acknowledge the tip.
That’s a fair point, but I honestly don’t have the bandwidth. I have certain sources that I go through to post and then rarely go beyond those. I’m glad you posted the original. I suggest that if it bugs you, to help the OP out and post the original like you did here.
before that it was eggs, wasn’t it? what will be the next thing? flour?
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This is my shocked face
You people need Tony Gilati, but you can’t have him.
You’re right, we do. https://en.wikipedia.org/wiki/Spudshed
deleted by creator
“Around 40 percent of all potatoes grown in the United States are sold to frozen potato companies — 17 billion pounds annually,” the lawsuit said. Four firms then buy the potatoes, prepare and freeze them before packaging them.
While there were over a dozen companies 20 years ago, that number has slowly shrunk to just four. They’re named: Lamb Weston, Canada-based company McCain Foods, the J.R. Simplot Company, and Cavendish Farms. The first two control about 70% of the market, while J.R. Simplot manages about 20%, the report says.
They’ve all told restaurants and bars that they’ll increase prices by $0.12 per pound in April.
“It was just the most obvious example of collusion I’ve seen in a long time,” said Washington, D.C., bar owner Josh Saltzman. “All of them were raising their prices by virtually the exact same amount within a week of each other.”
What’s with downvoting quotes from the article?
Probably because they were already quoted in the post and look like attempts to get upvotes?
Ah - fair enough then. I read the article first. Thilly me.
