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Turkey Fines Poultry Producers $89 Million for Collusion

By  |  September 28, 2025

Turkey’s competition authority has levied fines totaling 3.7 billion liras ($89 million) against major poultry producers, citing practices that undermined fair market conditions. According to Bloomberg, the decision followed a broad investigation into how companies in the industry shared information that influenced pricing strategies.

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    The watchdog stated that its probe effectively put an end to the practice of forward-pricing, where producers delayed implementing announced prices. Per Bloomberg, the board emphasized that companies must now apply their published prices immediately, a move aimed at curbing coordination among rivals.

    The fines targeted both listed and privately held firms. Eight companies, including publicly traded Banvit Bandirma Vitaminli Yem Sanayi AS, were ordered to pay roughly 2.7 billion liras. Banvit alone faced the largest single penalty at 947.3 million liras. The company is owned by TBQ Foods GmbH, a joint venture of Qatar Holding and Brazil’s BRF. In addition, five other firms entered settlement agreements, incurring combined fines of about 1 billion liras.

    “The fines and measures taken will fundamentally change the industry’s long-lasting habits,” the antitrust board said in its announcement.

    The Ankara-based regulator has intensified scrutiny of various sectors since inflation began accelerating in late 2021. Per Bloomberg, inflation in Turkey soared to 85.5% in 2022, prompting heightened oversight. Administrative penalties issued during the first half of 2024 alone amounted to 4.15 billion liras, representing a 56% increase compared with the full-year total of 2023.

    Source: Bloomberg