Sunday, August 19, 2007

Noodlers Accused of Colluding

(Beijing, China) July's jump in food prices of more than 15 percent has produced finger-pointing in China.
The government slammed Chinese instant-noodle makers yesterday as being partly to blame for a surge in inflation, saying they illegally colluded to boost prices by up to 40 percent in a scheme that has prompted public outcry.
The International Ramen Manufacturers Association blames soaring raw-material costs.

A noodle cartel?

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