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Four China Vitamin C Producers Charged in US Antitrust Suit

publication date: Mar 14, 2011
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Four China pharmaceutical companies have been charged with price fixing in a US antitrust case According to the plaintiffs, the four companies, representing about 60% of the world’s vitamin C production, signed a document in 2001 limiting the amount of vitamin C each one could export. As a result, the price of vitamin C rose from $2.50 per kilogram in December 2001 to $7 one year later. The defendants are not contesting the facts, choosing instead to raise an unusual defense: the government of China mandated the collusion.  More details....

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