Mexican competition regulator COFECE released their report on an extensive review of the country’s agriculture sector. The report has revealed excessively concentrated markets in seeds, pest control chemicals and machinery. The report also found seriously inefficient subsidies, which mostly end up in richer farmers’ hands. COFECE’s report warns that this situation has caused higher prices for staples such as potato, corn, barley and beans.
Three companies control up to 60% of the seed market, with multinational agrobusiness giant Monsanto alone holding close to one third. The machinery and parts sector is similarly concentrated, with three companies accounting for 91% of total tractor sales.
The report’s recommendations have been passed on to the Agriculture, Cattle, Rural Development and Fisheries Ministry (SAGARPA), where they will be reviewed before being sent on for further consideration by other public bodies.
Source: El Universal / Quadratin
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI