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- October 13, 202617°
- BIST10012,151-0.94%
- USD49.34+0.24%
- EUR55.21-0.01%
- GOLD4,191.50+0.02%
- INTEREST37.00%-1.00
- BITCOIN82,752+1.22%
- October 13, 202617°
Competition probe launched into 18 agricultural sector companies
The Turkish Competition Authority has launched an investigation into 18 companies operating in the plant protection and plant nutrition products market. The investigation will examine the possible effects of sharing competitively sensitive information such as product prices, sales volumes, targets, payment terms and discount rates.
The Competition Board has launched an investigation into 18 companies operating in the plant protection or plant nutrition products market. The investigation will determine whether the companies violated the Law on the Protection of Competition by sharing competitively sensitive information.
Plant protection products are used to protect plants against pests, diseases and harmful organisms. Plant nutrition products aim to improve plant health, efficiency and productivity by providing essential nutrients.
Information sharing under investigation
The investigation will assess the possible effects on competition of sharing information among the companies, including product-specific prices and sales volumes, targets to be met, payment terms and discount rates.
It will examine whether this information sharing could reduce strategic uncertainty among competitors and lead to coordination between competitors in the plant protection or plant nutrition products markets.
Companies under investigation
- Adama Turkey Tarım Sanayi ve Ticaret Ltd. Şti.
- Agrobest Grup Tarım İlaçları Tohumculuk İmalat İthalat İhracat Sanayi ve Ticaret AŞ
- Agrofarm Kimya Sanayi ve Ticaret AŞ
- AMC-TR Tarım Sanayi ve Ticaret AŞ
- Astranova Tarım Ticaret ve Sanayi AŞ
- BASF Agricultural Solutions Turkey Kimya Ticaret AŞ
- Ertar Kimya Tarım Ürünleri ve Aletleri İmalat Pazarlama Sanayi ve Ticaret Ltd. Şti.
- Ferbis Tarım Ticaret ve Sanayi AŞ
- Sunset Kimya Tarım Ürünleri ve Aletleri İmalat ve Pazarlama Sanayi ve Ticaret AŞ
- FMC Turkey Endüstri Ürünleri Sanayi Ltd. Şti.
- Lances Link Kimya ve İlaç Sanayi Ticaret AŞ
- Nufarm Turkey Kimyevi Maddeler İthalat ve Ticaret Ltd. Şti.
- Platin Kimya Mümessillik ve Dış Tic. AŞ
- Safa Tarım AŞ
- UPL Ziraat ve Kimya Sanayi ve Ticaret Ltd. Şti.
- Sumi Agro Turkey Tarım İlaçları Sanayi ve Ticaret AŞ
- Syngenta Tarım Sanayi ve Ticaret AŞ
- Tarkim Bitki Koruma Sanayi ve Ticaret AŞ
The first nine companies are part of an economic entity consisting of Adama Turkey, Agrobest Grup, Agrofarm, AMC-TR, Astranova, BASF Agricultural Solutions Turkey, Ertar Kimya, Ferbis Tarım and Sunset Kimya.
The investigation decisions do not mean that the companies under investigation have violated the relevant law or will face sanctions. Whether a violation occurred will be determined at the conclusion of the investigation.
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