Frozen Potato Giants Accused of Price-Fixing in U.S. Lawsuits
Four companies controlling 95% of the U.S. frozen potato market allegedly coordinated price hikes, driving a 47% increase in product costs since 2022.
- Multiple federal lawsuits accuse Cavendish Farms, Lamb Weston, McCain Foods, and J.R. Simplot Company of antitrust violations for allegedly conspiring to fix prices of frozen potato products.
- The lawsuits claim the companies used shared pricing data and direct communication to coordinate price increases starting in 2021, impacting products like french fries, hash browns, and tater tots.
- Frozen potato prices reportedly rose 47% from July 2022 to 2024, even as input costs for the companies declined, according to court filings.
- The lawsuits also name a data aggregator and a trade association as enablers of the alleged price-fixing scheme by facilitating the exchange of sensitive pricing information among competitors.
- Defendants deny the allegations, with McCain Foods and Lamb Weston stating they intend to vigorously contest the lawsuits in court.