The Competition Commission of Pakistan (CCP) has initiated an inquiry into possible collusion between various market players in the poultry sector over price setting practices.
CCP initiated the inquiry under its suo motu powers after strong indications of organized communication between poultry sector players relating to poultry prices came to light.
In this regard, a team of authorized officers from CCP recently inspected premises in Lahore, that was in use of a poultry association and impounded material evidence. The inquiry committee tasked with the investigation will examine all the evidence and present its findings as a report.
It would be pertinent to mention that CCP has previously also investigated and penalized collusive behavior in the poultry sector. In 2010, CCP fined Pakistan Poultry Association PKR 50 million for cartelization in several poultry markets. In 2016, CCP again fined Pakistan Poultry Association PKR 100 million for fixing prices.
CCP remains particularly vigilant against collusive activities which is the most egregious form of anti-competitive behavior. Collusive activities are prohibited under Section 4 of the Competition Act, 2010.