Chiquita, Dole Offices Raided

Chiquita, the world’s biggest banana producer, said it provided evidence of industry price fixing to European Union investigators, who raided the offices of fruit suppliers including competitor Dole. Chiquita said some of its employees have shared pricing and volume information with competitors over many years and may have violated EU competition law. The EU, the world’s biggest banana importer, is preparing to scrap its banana quota system and replace it with tariffs following complaints from Latin American producers, led by top grower Ecuador.