The Bukhara Territorial Administration of the Antimonopoly Committee considered the case against JSC “Kogon yog ekstratsiyasi zavodi”. It is legally established that the seller of highly liquid and monopoly goods must monthly place on the website and sell through the exchange an equally distributed volume of highly liquid and monopoly products. The Bukhara manufacturer decided to act differently and this despite the fact that the territorial administration of the Committee warned him about the compliance with the requirements of the legislation.
From May to August of the current year, in 40 cases, cottonseed meal, cotton husk, oil and laundry soap in the volumes indicated in the chart were not exhibited at the exchange. The sale went through trade exhibition fairs. Thus, in July 2020, the plant sold 500 tons of cottonseed meal and 230 tons of cottonseed oil in August.
In addition to this, in July of this year, 273 tons of cottonseed oil were sold through the Republican Agro-Industrial Exchange in violation of the requirements of the Resolution of the Cabinet of Ministers dated March 18, 2020 No. 170 without posting charts on the official website of the exchange.
What are the consequences of such actions? It is clear that it leads to l competition limitation in exchange trading, and in general to the change in demand with a subsequent impact on price formation.
A special commission issued an order to JSC “Kogon yogextratsiyasi zavodi” to eliminate the violations identified in terms of Articles 15 and 23 of the Law “On Competition”. That is, to ensure the sale of highly liquid and monopoly products only in accordance with the approved schedules through exchange trading, and if it is impossible to fulfill the requirements for listing goods on the exchange, to notify the Antimonopoly Authority one day before the date of listing. In relation to the official of JSC “Kogon yoғ extraction of the backwater”, measures were taken in accordance with article 178 of the Code “On administrative responsibility”.
To date, the Bukhara Territorial Administration continues to study cases that lead to an increase in prices at exchange auctions.
Press office of the Antimonopoly Committee