Mexico’s competition authority has imposed fines of nearly $4.9 million on seven companies, 10 individuals and a trade association for fixing the price of sugar and restricting supply of the product in 2013.
The Federal Competition Commission, or COFECE, said the companies—which included Zucarmex, Domino Sugar Mexico, Ingenio de Huixtla and others—had worked with the National Chamber of the Sugar and Alcohol Industries to engage in anti-competitive practice for 42 days between October and December 2013.
Source: www.internationalsugarjournal.com