UAE imposes sanctions on violators of egg and poultry price caps

Published 2023년 4월 11일

Tridge summary

The UAE's Ministry of Economy has announced strict sanctions against suppliers and retailers who have not adhered to a new Ministerial Resolution that permits a maximum price increase of 13% for egg and poultry products. The fines for non-compliance start from Dh10,000, with repeat offenders facing fines of up to Dh200,000. The ministry has been conducting extensive inspections to ensure adherence to this resolution, with 300 rounds of inspections during Ramadan. Consumers are referred to a list of 365 egg and poultry products, along with their price ceilings, which is available on the Ministry's website and that of other authorized bodies.

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Original content

Abu Dhabi: The Ministry of Economy will impose strict sanctions on suppliers and retailers who have failed to comply with Ministerial Resolution No. 41 of 2023, it said on Tuesday. The resolution, which was issued on March 6, 2023, allows for a maximum increase of 13 per cent in the prices of egg and poultry products. Violators of this decision have been fined at least Dh10,000, with the possibility of a fine of Dh200,000 for repeat violations. The Ministry has stated that details of the violations will be announced in the coming days. To ensure compliance with the decision, the ministry’s control teams, along with local economic departments, have been conducting intensive campaigns to monitor the prices of egg and poultry products in all outlets throughout the country. The ministry has conducted 300 rounds of inspections during Ramadan, covering consumer outlets, cooperative societies, egg and chicken markets, and groceries in various emirates of the country. The inspection ...

Source: Gulfnews