Summer is a “boom time for ice cream makers,” said Agence France-Presse. But in Japan, some of the country’s biggest producers are feeling the heat. Officials at the Japan Fair Trade Commission (JFTC) have raided six companies on suspicion of colluding to hike prices in an ice cream cartel. Staff members are believed to have “sent emails or met up for years to coordinate the timing and size” of the increases, according to an anonymous source.
The commission searched the head offices of Meiji, Morinaga Milk Industry, Lotte, Ezaki Glico, Morinaga & Co., and Akagi Nyugyo, company officials said. The six firms are “suspected of raising the suggested retail prices of ice cream” in increments of 10 yen ($0.06), The Japan Times reported. The aim seems to be “securing profits for each company.” But now the antitrust case “threatens to undermine the reputations” of some of Japan’s largest food companies, said The New York Times.
The ice cream industry has “boomed in recent years,” valued at more than $4 billion last year, a 3% rise from 2024, the Times said. But rising prices have “stoked public anger” in the nation, which is battling inflation for the “first time in decades,” fueled by higher energy costs from the war in the Middle East.
The JFTC will analyze seized materials and interview individuals to investigate the suspected violation of anti-monopoly laws. And if it “concludes that there was a cartel,” said AFP, the antitrust watchdog will “order the firms to improve their business practices and pay a fine.”
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