Dean Foods’ Surge in Profits ‘Due to Monopoly Pricing’, U.S. Dairy Farmers Suspect Price Fixing; Agriculture Industry Today Offers Complete Coverage
WASHINGTON, September 17 – /EIN Presswire/ Dean Foods, which controls at least 80% of the fluid-milk market in some U.S. states, has seen its income rise 31% while the price farmers get for their milk has dropped 36%. In response, an investigation has been launched into whether a few companies are monopolizing the dairy industry.
According to Sen. Charles Schumer, D-N.Y., “Dairy farmers are in the worst shape I’ve ever seen.” He adds that “the farms will go under” unless something is done with milk prices, which have fallen to their lowest level in four decades.
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