CCP raids poultry association office on suspected cartelisation
Business
June 2, 2021
ISLAMABAD: Anti-trust watchdog Competition Commission of Pakistan (CCP) conducted raids on Pakistan Poultry Associationâs (PPA) office and another business premises for their suspected involvement in cartelisation and anti-competitive activities, the commission said on Tuesday.
The inspection was conducted after the CCP took notice of drastic increase in the prices of various poultry products.
Two different teams of CCP entered and searched the premises of PPA and the poultry business and impounded print and electronic records, including minutes of the meetings of PPA, âwhich may provide evidence about the price-fixing of day-old chick, broiler, and eggsâ.
Operations at several owned by JBS, which processes one-fifth of the country’s beef, were affected, according to union representatives and Facebook posts meant for employees.