Foskor Avoids Fine In S. Africa Phosphate Price Probe

Law360, New York (August 4, 2010, 4:11 PM EDT) -- The South African Competition Commission said Wednesday that it had settled its case against phosphate producer Foskor over excessive pricing in the phosphoric acid market and would not issue a fine.

The agency said it had entered into a consent agreement under which Foskor agreed not to charge excessive pricing for phosphoric acid and to take measures to increase transparency in the downstream market for fertilizer products.

If approved, the agreement will resolve a case the Competition Commission began in 2007 after receiving complaints from animal...
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