Mexico's Cofece finds Gruma has significant market dominance (50-90%) and can set prices.

Mexico's antitrust authority, Cofece, has determined that Gruma, a leading corn flour and tortilla producer, can set prices in the market due to its significant dominance, controlling 50% to 90% of the sector. The investigation found a lack of competitive conditions, allowing Gruma to fix prices without impacting market dynamics. Cofece has advised Gruma to divest some assets and adjust certain strategies, but the ruling remains subject to further review.

October 07, 2024
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