Bangladesh Competition Commission yesterday lodges complaints against 10 poultry firms and poultry-related organisations for manipulating the egg market in collusion with each other to send egg prices skyrocketing.
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Bangladesh’s egg market used to be largely ruled by thousands of small retailers and wholesalers, but the composition of sellers has been changing for the past several years with the emergence of large corporates and poultry industry giants.
Major producers in Bangladesh colluded with each other to send the price of eggs to an unprecedented level in the middle of August, hurting the pockets of consumers already struggling to make ends meet, according to a probe report.