A PYMNTS Company

Indonesia: Jakarta investigating need cartel

By  |  August 12, 2015

The Business Competition Supervisory Commission (KPPU) is investigating the possibility of a cartel being involved in the drop in beef supplies and the increase in its price.

    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 are investigating whether there has been a conspiracy among businesspeople to withhold beef supplies so that the price will hike and benefit them,” said head of the KPPU Syarkawi Rauf said on Wednesday as quoted by Antara news agency.

    According to Syarkawi, it was suspected that some importers were withholding beef supplies to cause a stock scarcity in the market, forcing the government to raise cattle imports.

    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.