The European Court of Justice (ECJ) has dismissed the appeal by Archer Daniels Midland (ADM) against the decision of the Court of First Instance (CFI) (Case C-510/06). Back in 2002, the European Commission (Commission) found that six companies were engaged in a cartel affecting the sodium gluconate market and imposed fines on the participants. ADM took an unsuccessful appeal to the CFI. Subsequently, ADM took a further appeal to the ECJ, alleging that CFI had made significant errors of law. The principal grounds were that the CFI had: (i) erred in assessing the way the fine had been calculated; (ii) failed to properly assess the cartel’s effect on the relevant market by not taking into account substitute products; (iii) incorrectly determined the duration of ADM’s participation; and (iv) failed to properly consider attenuating circumstances. The ECJ rejected all the grounds of appeal by ADM and refused to reduce the level of the fine. ADM was ordered to pay costs.