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Poultry Prices Fall as a Result of CCP Raids

by 5m Editor
14 June 2010, at 10:47a.m.

PAKISTAN - Prices of poultry, eggs and chicken have come down following raids conducted by the Competition Commission of Pakistan (CCP) at the Pakistan Poultry Association in Karachi, Lahore and head office in Islamabad.

A senior CCP official said on Saturday, 12 June, that the commission has aggressively started actions against the cartels and companies involved in collusive behavior following re-promulgation of the CO 2009.

The CCP has also completed studies on different sectors, which would be shared in the next meeting of the CCP consultative group in Karachi, according to Daily Times. In the months of May-June 2010, the commission has not only issued policy notes but also taken several legal actions against the cartels.

Recently, the CCP officials conducted inspections of the poultry associations at Karachi and Lahore and recovered valuable record and minutes of meetings and other data.

Besides other factors responsible for price control of poultry products, it has been observed that the poultry prices have come down due to recent raids conducted by the CCP.