{"id":643535,"date":"2024-09-10T00:00:00","date_gmt":"2024-09-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/10\/egyptian-competition-authority-cracks-down-on-alleged-egg-cartel\/"},"modified":"2024-09-10T00:00:00","modified_gmt":"2024-09-10T00:00:00","slug":"egyptian-competition-authority-cracks-down-on-alleged-egg-cartel","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/10\/egyptian-competition-authority-cracks-down-on-alleged-egg-cartel\/","title":{"rendered":"Egyptian Competition Authority cracks down on alleged egg cartel"},"content":{"rendered":"

Competition watchdog ain\u2019t no chicken when it comes to calling out unfair practices: <\/strong>The Egyptian Competition Authority (ECA) has initiated criminal proceedings against 21 major table egg producers for colluding to raise prices, according to a statement<\/a> by the authority. The producers \u2014 who are members of the Table Egg Division of the Poultry Producers Union and its board \u2014 were referred to the Public Prosecution for violating provisions of the Competition Act.<\/p>\n

\u201cThe offending producers represent around 50-70% of the market,\u201d <\/strong>ECA head Mahmoud Momtaz told Ahmed Moussa on his show Ala Mas\u2019ouleety (watch, runtime: 10:44<\/a>), pointing to the massive profits these producers have amassed as a result of the manipulation of egg prices. <\/p>\n

The allegation:<\/strong> Members of the division were allegedly discovered to be setting daily wholesale prices for white and red eggs, resulting in inflated prices that \u201cdo not reflect their real cost,\u201d the ECA said. The division allegedly communicated with major farms to determine the prices, which it then disseminated to market participants through its Facebook page, the union\u2019s page, and regional social media groups.<\/p>\n

To make a free and fair market, you have to crack a few eggs: <\/strong>Horizontal agreements are the \u201cworst type\u201d of anti-competitive practice because they disrupt the free market and hurt consumers, the ECA said. The alleged cartel \u201cdeliberately undermined government initiatives\u201d aimed at easing financial strains on citizens, including incentives extended to the private sector to improve economic efficiency, reduce costs, and ultimately lower market prices.<\/p>\n

Egg producers respond: <\/strong>\u201cWe have not yet received any official notification related to this matter,\u201d head of the table egg division at the General Union of Poultry Producers Ahmed Nabil Abdullah said in a phone conversation with Faten Abdel Maaboud on her show Salaat El Tahrir (watch, runtime: 11:43<\/a>). He added, \u201cWe were surprised by the news [after hearing about it] through news platforms and social media.\u201d Abdullah attributed the rise in egg prices to the significant increase in feed prices, which has caused substantial losses for producers.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cartel represents around 70% of the market<\/p>\n","protected":false},"author":1,"featured_media":643536,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8787],"tags":[317,1978,549,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-643535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-competition-watch","tag-commodities","tag-competition-watch","tag-egyptian-competition-authority","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"b6af9a9a-9141-42af-bb3d-8084f155c54a","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/682.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian Competition Authority cracks down on alleged egg cartel","related_issue":[643530],"teaser":"The cartel represents around 70% of the market","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.d0b989ee-e6ae-4fe8-a4fa-26790398dbbb.mp3"},"yoast_head":"\nEgyptian Competition Authority cracks down on alleged egg cartel - 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In its preliminary findings from its 2013-17 survey of the industry,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642182,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/08\/nine-poultry-producers-indicted-on-price-collusion-charges-referred-to-economic-court\/","url_meta":{"origin":643535,"position":3},"title":"Nine poultry producers indicted on price collusion charges, referred to economic court","author":"enterpriseam admin","date":"8 August 2017","format":false,"excerpt":"Nine poultry producers indicted on price-fixing charges: Authorities have indicted nine poultry producers for market manipulation and anti-competitive practices. The companies could face trial before one of the nation\u2019s economic courts, according to Al Borsa. The case relates to incidents from 2013, which the Egyptian Competition Authority (ECA) believed showed\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568932,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egyptian-competition-authority-probes-cairo-3as-bid-to-acquire-starch-and-glucose-company\/","url_meta":{"origin":643535,"position":4},"title":"Egyptian Competition Authority probes Cairo 3A\u2019s bid to acquire Starch and Glucose Company","author":"enterpriseam admin","date":"9 February 2020","format":false,"excerpt":"M&A WATCH- ECA probing Cairo 3A\u2019s bid to acquire majority stake in Starch and Glucose Company: The Egyptian Competition Authority (ECA) has asked for details on a bid by commodities and poultry trader Cairo 3A to acquire a major stake in the Egyptian Starch and Glucose Company\u2019s (ESGC) before greenlighting\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548306,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/03\/cement-producers-welcome-another-year-of-production-quotas-and-a-slow-ramp-up-of-market-supply\/","url_meta":{"origin":643535,"position":5},"title":"Cement producers welcome another year of production quotas \u2014 and a slow ramp up of market supply","author":"enterpriseam admin","date":"3 August 2022","format":false,"excerpt":"Cement production quotas are sticking around for another year: The Egyptian Competition Authority (ECA) has heeded cement companies\u2019 calls to leave cement production curbs in place for another year \u2014 but will allow output to rise as demand picks up, Ahmed Shireen Korayem, head of the cement division at the\u2026","rel":"","context":"In "Industry"","block_context":{"text":"Industry","link":"https:\/\/enterpriseam.com\/egypt\/category\/industry\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/124.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/643535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=643535"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/643535\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/643530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/643536"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=643535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=643535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=643535"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=643535"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=643535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}