The Global Lysine Price-Fixing Conspiracy of 1992–1995

John Connor ()

Review of Agricultural Economics, 1997, vol. 19, issue 2, 412-427

Abstract: Market structure and the corporate decision-making practices of several multinational corn refiners fostered implementation of the largest price-fixing conspiracies in modern times. These events have renewed the attention of U.S. antitrust authorities in prosecuting international cartels. Archer Daniels Midland (ADM) and its co-conspirators' direct overcharges to lysine buyers during 1992 through 1995 amounted to at least $70 million, and the total public penalties, private damages, and legal costs exceed $200 million. Price-fixing perpetrators now face monetary exposures five times the amount of the harm imposed on buyers.

Date: 1997
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