Bachoco Announces Antidumping Investigation Progress
The Mexican Secretariat of Economy has issued preliminary ruling on anti-dumping process regarding chicken leg quarters imported to Mexico from the United States
Industrias Bachoco, Productos Agropecuarios de Tehuacan (Patsa) and Buenaventura Grupo Pecuario (Buenaventura), appeared before the Mexican Secretariat of Economy (SE) to apply for the initiation of an anti-dumping investigation regarding unfair practices in the form of price discrimination of chicken leg quarters imported to Mexico from the United States.
The secretariat announced a preliminary determination regarding the antidumping investigation. The resolution established these main points:
- There are dumping conditions on chicken leg quarters imported from the United States, including margins ranging from 62.90% to 129.77%.
- These practices damaged the domestic poultry industry.
- The SE possesses all elements for establishing anti-dumping duties, but did not proceed as the interested parties expressed the will to reach an agreement.
- The antidumping practices investigation process with regards to chicken leg quarters price discrimination will continue.
- The SE agreed to establish a 30 business day period for the interested parties to provide additional arguments or elements deemed relevant to the investigation. This term started the day after the resolution was issued.
Industrias Bachoco is the leader of the Mexican poultry industry and an important player in Mexico's food industry. Bachoco's sales include chicken, table eggs, balanced feed, turkey, beef and swine. Founded in 1952, Bachoco is headquartered in Celaya, in the state of Guanajuato. It operates more than 800 facilities, organized in 9 complexes in Mexico and one facility in the USA, as well as an export business.
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