A PYMNTS Company

Pakistan Watchdog Goes After Sugar Cartel

By  |  November 10, 2020

The Competition Commission of Pakistan (CCP) has issued show-cause notices to Pakistan Sugar Mills Association (PSMA) and its 84 member mills regarding multiple instances of cartelization of sugar, reported SAMAA.

    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.

    The PSMA and all 84 sugar mills violated competition laws by collectively deciding to export sugar and thereby fixing the quantities of sugar to be supplied in Pakistan, the CCP stated.

    Similarly, they violated the law by reducing stocks of sugar through exports, hence collectively raised and maintained prices of sugar in Pakistan. 

    The notices were issued after the CCP decided to initiate proceedings following an inquiry into anti-competitive activities in the sugar sector. 

    The CCP inquiry found multiple instances where the PMSA was acting as a front-runner for cartelization in the sugar industry.

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