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BREAKING NEWS

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BREAKING NEWS

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BREAKING NEWS

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BREAKING NEWS

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Ekonomia

Competition Authority opens investigation into the vegetable oil market: In the period January-March 2022 increase of costs in violation of the law

Competition Authority opens investigation into the vegetable oil market: In the

The Competition Authority announced yesterday the launch of an in-depth investigation against 9 companies in the market of import, production and wholesale of vegetable oil. According to the Competition Authority, the simultaneous increase in the selling price of vegetable oil may fall in violation of the law. Through a notification, the Competition Authority informs that the decision to launch an in-depth investigation came after the concerns reflected in the media about the increase of the oil price, while from the monitoring conducted during this year, the Competition Authority says that the oil price vegetable has increased by 7.5% from February 2022. “Competition Authority, with Decision no. 870 has decided today "On the opening of the in-depth investigation procedure against enterprises in the market of import, production and wholesale of vegetable oil". Several months ago, with decisions no. 803 dated 28.05.2021 and no. 803, dated 28.05.2021. The Competition Authority had decided "On the opening of the preliminary investigation procedure in the market of import, production and wholesale of vegetable oil for the period October 1, 2020 to May 20, 2021". From the information administered by the General Directorate of Customs, for the period 1 January 2022-11 March 2022, among others it was concluded that: The average monthly import price in January 2022 was in the amount of 199.23 ALL / liter and in March 2022 is increased to the value of 208.54 ALL / liter. Regarding the above, it turns out that the simultaneous increase for the period January - March 2022 of the selling price of vegetable oil by the companies Agro Blend shpk, Bomira shpk, Devi 20 - group shpk, Eqerem - 934 shpk, Ferra & co shpk, Globcom shpk , Cricket-1 shpk, Teuta Durres shpk and pdf shpk, may be in contradiction with article 4 of law no. 9121, dated 28.07.2003, "On the protection of competition", amended ", it is stated in the notification.  

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