Bangladesh: 10 egg firms, trade bodies set to be sued for profiteering

The Bangladesh Competition Commission is set to prosecute six companies and four trade bodies for profiteering in the egg market, according to sources at the commission. During an investigation, a team of the commission identified the companies and their related associations that have made extra profits by controlling the market through SMS, the sources added. The sources familiar with the development said the process is underway to file a case against Kazi Farms, Paragon Poultry, Diamond Egg, Peoples Poultry and Hatchery, Naba Farms, United Egg Sale Point, Bangladesh Poultry Industries Central Council, Bangladesh Poultry Industries Association, Bangladesh Poultry Farm Protection National Council, and Poultry Professionals Bangladesh. The case will be filed under the Competition Act. "It has been decided to file a case against the companies and organizations found to have raised the prices of eggs through syndication," Md Hafizur Rahman, a member of the commission, told The ...