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Indian case against Glencore, ETG and Edelweiss closed on lack of evidence of staple-food collusion

By Freny Patel ( October 14, 2022, 08:51 GMT | Insight) -- Global commodity trading giants Glencore, Kenya-founded Export Trading Group, and India’s Edelweiss Group, who were among 11 agro-commodities companies investigated for manipulating the prices of pulses, are off the hook after the Indian antitrust watchdog could not find sufficient evidence to conclude cartelization or price parallelism. The Competition Commission of India has warned that given the nature of the agricultural trade and the multi-faceted relations among players, parties should take care that their communications do not transgress the boundaries of the Competition Act 2002.Global commodity trading giants Glencore, Kenya-founded Export Trading Group, and India’s Edelweiss Group, who were among 11 agro-commodities companies investigated for manipulating the prices of pulses, are off the hook after the Indian antitrust watchdog could not find sufficient evidence to conclude cartelization or price parallelism....

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