Singapore's Straits Cattle Trading Company Dominates Market
The Straits Cattle Trading Company in Singapore has achieved a near monopoly in the cattle trading market, significantly impacting businesses that have existed since the 19th century. The company employed competitive pricing strategies, initially undercutting competitors to gain volume. Once competition diminished, prices were raised, leading to concerns about profiteering. The company's influence extended to political circles, with its owner able to host high-profile figures like the Governor General.
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Sources · 7 independent
CNA938 Singapore
“The Straits Cattle Trading Company was definitely the largest cattle trading company in Singapore. They had it almost near monopoly and they had taken out, if you want to put it that way, businesses that had been around since the 19th century.”
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