Investigations launched into seven poultry farms in Kazakhstan due to high prices and price fixing

Published 2022년 12월 12일

Tridge summary

The government of Kazakhstan, led by Deputy Prime Minister Serik Zhumangarin, held a meeting to discuss the rising prices of essential food products and measures to stabilize the situation. The meeting was prompted by findings from the Trade Committee and the Agency for the Protection and Development of Competition regarding unlawful price hikes in chicken egg sales through intermediaries. The meeting also highlighted ongoing investigations into suspected price collusion and monopolistic practices among poultry farms. Additionally, the rating of regional governments in price containment was discussed, with some regions identified for poor performance in controlling food inflation and regulating prices of socially significant food products.

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Original content

The situation with prices for socially important food products and measures to stabilize them were discussed at a meeting in the government chaired by Deputy Prime Minister - Minister of Trade and Integration Serik Zhumangarin, according to the official government website. According to information over the past week, based on the results of the analysis of electronic invoices, the Trade Committee revealed the facts of the sale of chicken eggs through intermediaries with a surcharge exceeding that established by law. So, in the Karaganda region, Agrofirma Kurma LLP sold eggs of the first category to enterprises in the Karaganda, Zhambyl, Ulytau regions, which resold products with a trade margin of 21 to 45%. Among the buyers of eggs with a trade markup of 45% is the Karaganda bakery. All materials have been submitted to the regional akimats for appropriate action. As noted, since the beginning of December, the Agency for the Protection and Development of Competition has issued 14 ...

Source: Agrosektor