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Mexico: CFC fines poultry giant for price-fixing

By  |  November 15, 2012
Mexico: CFC fines poultry giant for price-fixing

Mexico’s top producer of poultry and other food products has released a statement announcing the nation’s antitrust authority has found the company in violation of antitrust law. Industrias Bachoco S.A.B. de C.V. said in a press release that since the CFC began investigating Bachoco in December of 2009, the CFC has found the poultry company to have participated in a price-fixing scheme among other food distributors in certain regions. They have been administered a fine of $110,000 but continue to deny the allegations.

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