Cofece Flags Gruma for Excessive Market Power in Corn Flour Industry
Analyzed 2 sources • 1d ago- Gruma flagged by Cofece for excessive market power in corn flour.
- 70% of Mexicans consume corn tortillas daily, impacting household budgets.
- Gruma's market share is 22 to 80 times larger than competitors.
- Gruma's prices are nearly 10% higher than national competitors.
- Gruma's shares fell over 6% after the preliminary ruling.
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