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ACODECO Files Complaints Against Cookie Companies


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Panama: Monopolistic Food Practices Denounced

Three food companies are being investigated for alleged monopolistic practices consisting of "establishing, agreeing upon or coordinating bids or abstentions in public tenders".

Thursday, January 26, 2017

From a statement issued by the Authority for Consumer Protection and Defense of Competition:

ACODECO IS INVESTIGATING ABSOLUTE MONOPOLISTIC PRACTICES IN THE FOOD COMPANIES PRODUCTOS ALIMENTICIOS PASCUAL S.A., AGRO INDUSTRIAS ALIMENTICIAS DE VERAGUAS, S.A., AND ZUELLEN, S.A. 

The Authority for Consumer Protection and Defense of Competition (ACODECO) has launched an official investigation into alleged monopolistic practices against the companies PRODUCTOS ALIMENTICIOS PASCUAL. SA., AGRO INDUSTRIAS ALIMENTICIAS DE VERAGUAS S.A. and ZUELLEN SA. consisting of establishing, agreeing upon or coordinating bids or abstentions in public tenders, as well as manipulating and fixing the price of sale or purchase of goods and services (nutritional cookies) and also distributing themselves in the existing market by geographical areas (provinces) in the abbreviated tenders (AT) by price conducted by the Ministry of Education (MEDUCA) for the Supply, Transportation, Delivery and on-site delivery of Nutritionally Enhanced Cookies for the years 2014 and 2015. 

http://www.centralamericadata.com/en/article/main/Panama_Monopolistic_Food_Practices_Denounced

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Nutritional cookie companies rigged prices to schools

Posted on January 27, 2017 in Panama

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Post Views: 89

TWO COMPETING   companies accused of working together to inflate the prices of nutritional cookies distributed to schools are being sued by the for Consumer Protection Authority (Acodeco)

Productos Alimenticios Pascual and  Agro Industrias Alimenticias de Veraguas and Zuellen are accused  of acting as a monopoly to fix the prices by manipulating their bids in public tenders.

The agency said the companies effectively agreed not to bid against each other in 2014 and 2015, and divided up the sales territories.

http://www.newsroompanama.com/news/panama/nutritional-cookie-companies-rigged-prices-schools

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It is a bit confusing whether it is two cookie companies or three cookie companies involved in the price fixing scheme based on the information from these different news articles. I originally interpreted the article to be three companies, but conclude now that it is only two companies. Accordingly, the title for this topic has been changed to reflect only two companies having been charged by ACODECO. If any of you have definitive information to the contrary, please let us know (or just post a reply here).

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