Cargill says a hearing in the appeal process it initiated in the Seoul High Court against claims it participated in a feed cartel in South Korea has been postponed.
Cargill has not yet decided if it will appeal a ruling by South Korea’s competition authority claiming the firm was part of an animal feed price rigging cartel over several years.
Cargill may challenge the ruling of South Korea’s competition authority that claims the company was part of an animal feed price rigging cartel over a number of years.
South Korea, a major importer of beef from the US, Australia and New Zealand, has lifted a ban on the use of animal feed additive, zilpaterol, in beef.
South Korea plans to end its ban on the animal feed additive zilpaterol early next year, a senior food ministry official said on Oct. 31, opening the door to beef imports containing the growth enhancer and its domestic sale.
