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He National Institute for the Defense of Competition and the Protection of Intellectual Property (Indecopi), in charge of ensuring free competition in Peru, initiated a administrative sanctioning procedure (PAS) against companies that have colluded to set the price of turkey meat.
The government body seeks sanctions against Cencosud Retail Peru SA, Hipermercados Tuttus (owned by Falabella), Makro Supermayorista SA and Supermercados Peruanos SA
According to Indecopi’s investigation, the four companies mentioned set the selling price of the brand’s turkey meat “San Fernando” between 2009 and 2016. On the other hand, Cencosud, Tottus and Peruvian Supermarkets also have colluded to set the minimum prices of another local turkey brand between 2010 and 2015, details La Tercera.
E-mails and financial information are the evidences obtained by the Technical Secretariat of the Commission for the Defense of Free Competition of Indecopi, a body that has functions similar to those of the National Economic Prosecutor’s Office (FNE) and the Tribunal for the Defense of Free Competition (TDLC).
Based on the information gathered, it was concluded that the companies agreed on a “Suggested minimum retail price” for turkey meat, specifically in campaigns for the end of the year festivities, when this product is most consumed.
“Cencosud, Makro, Supermercados Peruanos and Tottus have agreed to eliminate competition among themselves, avoiding setting prices below the ‘suggested minimum retail price’, established by San Fernando. In turn, Cencosud, Supermercados Peruanos and Tottus would have done the same to avoid setting prices below the ‘suggested minimum retail price’ of Redondos, ”indicates Indecopi.
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