Disclosure of chick pricing through collusion in the poultry sector

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Disclosure of chick pricing through collusion in the poultry sector
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Disclosure of chick pricing through collusion in the poultry sector

Islamabad: The price fixing of chicks through collusion in the poultry sector has come to light, prompting the Competition Commission of Pakistan to start hearing the case.

According to the Competition Commission of Pakistan, the Pakistan Poultry Association has apparently been found guilty of violating the rules. If found guilty, the association and its members may be fined up to seven and a half million rupees or at least ten percent of the annual turnover. , the Tribunal of the Competition Commission will deliver its decision after the final hearing.

The Commission had issued show cause notices to the Poultry Association and eight other institutions. The Poultry Association has defended itself against the allegations leveled against it during the cartelisation case, in which a suspected cartel of hatcheries came to light between 2019 and June 2021. .

According to the sources, the members of Poultry Association fixed the price of one-day-old broiler chicks at Rs. According to the commission, the suspected cartel also includes the production of broiler chicken, poultry feed, eggs from breeding.

The further hearing of the case will be held tomorrow and the stand of eight other companies will be heard, among them Hi-Tech Group, Islam Group of Companies, Olympia, Jadi Group, Supreme Farms, Season Foods, Big Bird Group, Sabers Group are also included in the cartelisation. Apparently involved, according to the Competition Commission, the offices of the Poultry Association were also raided and evidence was collected during the same.

Disclosure of chick pricing through collusion in the poultry sector