Instant noodle price fixing
China's top economic planner on Thursday determined that the China branch of the International Ramen Manufacturers Association (IRMA) has illegally fixed prices for instant noodles.
The IRMA branch had held three meetings of instant noodle manufacturers and related businesses early this year to discuss specific plans to raise prices, said the National Development and Reform Commission (NDRC).
The story quotes an instant noodle insider who says that price increases are necessary because of commodity price hikes, and also at the punishment that may get meted out to price-fixers.