Two of the world's biggest chocolate companies, Nestlé and Mars, have been charged in Canada with price-fixing.
June 7, 2013
The charges come after a five-year investigation by the Competition Bureau in Canada and follows a class action in which the confectionary companies agreed to pay compensation.
According to the Markets and Markets report, “Global Chocolate, Cocoa Beans, Lecithin, Sugar and Vanilla Market by Market Share, Trade Prices, Geography Trend and Forecasts (2011-2016),” the global chocolate market stood at $83.2 billion in 2010 and will reach an estimated $98.3 billion by 2016.