Competition Agency Suspects Tortilla Price-Fixing

Law360, New York (January 11, 2007, 12:00 AM EST) -- As tortilla prices rise in Mexico to previously unseen levels, the nation’s competition watchdog said Thursday it would begin an investigation into possible industry price-fixing.

Among other things, the Federal Competition Commission will review whether companies are restricting the amount of goods they offer and whether they are dividing markets between themselves.

“Recent reforms to the Competition Law give us better tools to investigate and sanction monopolistic practices in the corn tortilla industry,” said Eduardo Pérez Motta, the Commission’s president. “If we detect monopolistic practices, we’ll...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.