Rice Producers to be Fined for Anti-Competitive Practices

Twelve rice processors in El Salvador have been sanctioned for having set up an anti-competitive agreement for pricing for rice drying and threshing services.

Monday, June 12, 2017

The economic agents sanctioned are: Arrocera Omoa S.A. de C.V., Arrocera San Francisco S.A. de C.V., Agroindustria Centroamericana S.A. de C.V., Arrocera Jerusalén S.A. de C.V., Agroindustrias Gumarsal S.A. de C.V., Arrocera San Pablo S.A. de C.V., Beneficio de Arroz Los Ángeles S.A. de C.V., Industrias Arroceras Guevara Landaverde y Asociados S.A. de C.V. (Inagla), La Nueva Espiga S.A. de C.V., Arrocera San Mauricio S.A. de C.V., Beneficio de Arroz El Pueblo, and Beneficio de Arroz Rodriguez Inversiones.

From a statement issued by the Superintendency of Competition:

The Board of Directors of the Superintendence of Competition (SC) has sanctioned twelve rice processors for infringing art. 25, in its literal a) of the Competition Law (CL), having set up an anticompetitive agreement for fixing prices for rice drying and threshing services, activities of processing and transforming rice from rice grain to gold rice.
"This case is a warning to business unions not to become a means to facilitate or promote agreements between competitors and other anticompetitive practices among its associates," explained Francisco Díaz Rodríguez, Superintendent of Competition.      
Read full statement (in spanish).

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