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Bid to protect freedom of competition, prevent monopoly
KUWAIT CITY, July 16: The Competition Protection Authority, which is under the supervision of the Minister of Commerce, is currently looking into the files of the poultry companies which have signed contracts with cooperative societies and branches thereof in the midst of the chicken crisis that hit the market two months ago, reports Al-Anba daily. The daily said the authority aims to protect freedom of competition and prevent monopolistic practices in any form, which would affect the freedom to exercise economic activity, the freedom of choice for the consumer and the pluralism of economic parties that were deprived of it during this crisis.
The source said that the authority is calling the owners of companies one by one to find out the real reasons behind this crisis during the last period, which was accompanied discontent among consumers who were deprived for two months of their monthly quota of subsidized foodstuffs, adding that it was noticed during the period of chicken scarcity the availability of all types of food in other markets, but at high prices, unlike the previous price, which was before the crisis, which makes the situation more complicated.
The sources stated that what is available in the stores of these companies will be checked a month before the crisis and matched with the current situation, after which the company causing the crisis will be referred to the competent authorities, and strict measures will be taken against anyone who is proven to have deliberately creating the crisis, while preventing him from supplying his products to cooperative branches, and the application of the law to them for violating the terms of the contract, which stipulates the imposition of penalties against any party who violates the terms.