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by tompccs
530 days ago
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Indeed, it is surprising that you would be able to pull this stunt on such a huge buyer as McDonalds. Here's an alternative theory that will disappoint the readers of Jacobian - potatoes are a commodity and commodity prices drive inflation. A bad crop, expensive fertiliser, a ground war in one of the largest potato-exporting countries in the world (Ukraine) - all these things would cause suppliers to increase prices in lockstep. Inflation can be good cover for price collusion, sure, but the reason why it's such good cover is that its effects are almost indistinguishable without a smoking gun. Lets see what the FTC investigation brings up. (Another note - inflation inflates profits as well as prices.) |
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Are you sure about that?
"Other potatoes, fresh or chilled " 2019 [0]:
- 1st: France, 2,119,100,000 kg
- 57th: Ukraine, 5,612,450 kg
"Seed potatoes" 2019 [1]:
- 1st: Netherlands 953,793,000 kg (No 1)
- 48th: Ukraine, 72,377 kg
[0] https://wits.worldbank.org/trade/comtrade/en/country/ALL/yea...
[1] https://wits.worldbank.org/trade/comtrade/en/country/ALL/yea...