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Mexico: Sugar cartel detected

 |  December 8, 2015

Mexican competition authorities have announced they have found elements to suspect serious cases of collusion between competitors in Mexico’s sugar market. Mexico’s COFECE has reached out to a number of economic agents involved in the production, distribution and sale of sugar, urging them to present documentation to answer these accusations.

The announcement marks the end of a process begun by COFECE on December 5th, 2013, shortly after a wide-ranging set of reforms to the country’s competition legislation was enacted. “With this notification we now begin the trial procedures, where the cited economic agents may present those elements which they may lawfully submit, and offer evidence regarding the accusations against them” said the Commission’s announcement.

Mexico’s competition watchdog also issued a Declaration of Probable Responsibility towards the companies involved, claiming enough evidence exists to presume that the alleged competitors had engaged in repeated instances of collusion.

Source: Diario MX

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