Poultry cartel fined Rs150m for inflating chick prices via WhatsApp

CCP slaps Rs155m fine on major poultry hatcheries over cartelisation

Commission says price of day-old broiler chicks rose by 346pc between March 2020 and April 2021.

Poultry cartel fined Rs150m for inflating chick prices via WhatsApp

The Co­­mpetition Commission of Pakistan (CCP) has fined eight major poultry hatcheries Rs150 million for forming a cartel that artificially raised chick prices by over 340%, driving up the cost of chicken for consumers, Express News reported on Wednesday. In a statement, CCP said its investigation found evidence of collusive practices, including price fixing via WhatsApp and text messages in a group named “Chick Rate Announcement.” Prices of da…

Bavaria's Minister of Agriculture Michaela Kaniber (CSU) sees the danger of a bottleneck in the slaughter capacity for poultry in the Free State. The background is the current ban on slaughtering in a laying hen slaughterhouse in Middle Franconia. Allegations of alleged violations of animal welfare had been made against the company. The closure of the slaughterhouse due to the short-term slaughter capacity brought the Bavarian and Baden-Württemb…

Rs155 million fine imposed on major poultry hatcheries for artificially inflating prices

The Competition Commission of Pakistan (CCP) has imposed a fine of Rs155 million on eight leading poultry hatcheries for engaging in cartelization and price-fixing, which led to a staggering 346% increase in day-old chick (DOC) prices, significantly driving up the retail cost of chicken for consumers. Acting on suo motu notice, the CCP launched an inquiry into the DOC market, uncovering coordinated efforts by the hatcheries to manipulate prices.…

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‘Cartelisation’: CCP imposes Rs155 million fine on poultry hatcheries

The Competition Commission of Pakistan (CCP) has imposed a collective fine of Rs155 million on eight major poultry...