Legal action planned against poultry syndicate over price fixing
shahennews
The Ministry of Industry, Trade and Supply is initiating legal action against the Poultry and Feed Investors Association (PFIA) after the latter lodged an official request with the Jordan Chamber of Commerce (JCC) to ask traders to sell fresh chicken at a flat price.
According to a letter sent by Minister Maha Ali to the JCC, the minister asked the chamber to disregard the association’s request and said the ministry will take all legal measures necessary to block any anti-competitive practices in the market.
“The Competition Law prohibits, on pain of prosecution, any practices, alliances or agreements, whether explicit or implicit, that constitute a breach of, limit or prevent competition, especially those whose subject or objective is the price-fixing of goods or services or terms of sale or the like”, Ali said in the letter, a copy of which was seen by Petra.
Ali noted that a recent decision by her ministry canceling a price ceiling it set in February for poultry meat was meant to allow prices to float in the market according demand and supply and fair competition, stressing that the PFIA’s move was a clear violation of the law.
She emphasized that the ministry will continue to monitor markets and will take the appropriate decision if “unjustified” price hikes are reported.
//Petra// AA
