ISLAMABAD: Based on complaints about the recent high prices of poultry goods, on Thursday, the Competition Commission of Pakistan (CCP) checked and inspected two of the country’s main poultry feed producers and reportedly obtained evidence of their alleged participation in collusive practises and price fixing.
The raid was carried out by the CCP, exercising its powers under Section 34 of the 2010 Competition Act. In the raiding squad, Sou-rces told Dawn that teams concurrently carried out inspections at the offices of two major poultry feed manufacturers in Rawalpindi and Lahore to assess their collusive business activity.
The recovered material showed that broiler feed prices showed an increase of over Rs550 per bag of 50 kg over the last 18 months, while the average increase in layer feed prices was over Rs530 per bag of 50 kg over the same time.
The sources suggested that the problem was posed by public complaints to the CCP that broiler chicken (farm) prices had risen by more than 100% from Rs103 per kg to Rs225 per kg.
The initial investigation of the data collected from the Pakistan Bureau of Statistics (PBS) during the same time was carried out by the CCP and a correlation between the rise in feed prices and the price of the commodity was inferred.
An informal survey of poultry sheds was carried out upon receipt of the complaints. It was noted that feed was sold in sacks of 50 kg, and depending on the kind of poultry, there are a variety of varieties.
It was noted that the prices of poultry feed increased steadily and simultaneously from August 2019 to January 2021, with the exception of a downward revision in June and July 2020.