The Competition Commission of Pakistan (CCP) has imposed fines on the dairy associations in Karachi for artificially increasing milk prices.CCP imposed a fine of Rs1 million on the Dairy and Cattle Farmers Association while Rs5 lac each on the Dairy Farmers Association Karachi and Karachi Dairy Farmers Association.
During the inquiry, all three Dairy Farmers’ Associations were found guilty of colluding to raise the price of fresh milk in Karachi and surrounding areas.The video evidence also confirmed that Dairy Associations coerce the wholesalers and retailers to implement their arbitrary prices.The Dairy Associations also hoarded the milk in ice factories to increase pressure on the supply of milk and create an artificial shortage, only to sell it in interior Sindh at inflated prices.
Read More: Dairy farmers want milk price to be fixed at Rs300/litre in Karachi The CCP took stern notice of disrupting the market of fresh milk and imposing unnecessary financial burdens on consumers.
