[31 January/ CNBC]

Two major foodservice distributors in the US, US Foods and Sysco, have launched separate lawsuits against a range of poultry producers, including Tyson Foods, Pilgrim’s Pride and Sanderson Farms, alleging that the companies have colluded to manipulate wholesale chicken prices.  The lawsuits argue that the companies have artificially limited supplies and inflated prices for years according to a report in the New York Times.  The announcement of the action saw the share prices of the defendants fall between 4 and 6%.  A spokesperson for Tyson said that lawsuits like these are common in antitrust disputes but that the company’s position is that the claims are unfounded and it will vigorously defend itself.