A PYMNTS Company

Indonesia: High beef prices lead to suspicions of cartel

By  |  February 7, 2013

Indonesia’s Business Competition Supervisory Commission, also known as KPPU, has announced an investigation into the nation’s beef and cattle prices after a noticeable spike in costs. According to the KPPU, the authority has found signs on anticompetitive behavior in the market; KPPU chairman Nawir Messi said in a statement that there is possible “cartel-like or oligopolistic business practices” in the food commodities sector.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: The Jakarta Post

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.