ECA finds evidence of collusion in poultry market

Collusive behavior in the market for poultry is reducing supply and increasing prices, the Egyptian Competition Authority (ECA) says. The ECA probed the market from January 2015 to December 2016 and found sufficient evidence of collusion amongst large distributors. The reason behind that was reportedly to fix prices 14% below the cost of production to drive smaller producers out of the market. The ever-practical, sensible people at the ECA say the incident is another example of why Egypt needs a commodities and livestock exchange that would help improve price transparency.