Uzbekistan's Competition Committee has implemented strict measures against companies that failed to offer flour produced from state wheat on exchange trades or provided it in insufficient volumes, aiming to stabilize prices in the domestic market. According to the committee's press service, instances were observed where enterprises did not fulfill their obligations to produce and sell flour from resources acquired from the state.

As a result of monitoring, 29 enterprises have been suspended from exchange trading for either not offering flour from state wheat at all or listing it below the established quota. These actions by the committee are intended to address irregularities in the flour production and distribution chain and ensure a competitive market environment.

Furthermore, in the first quarter of 2024, cases were initiated against 25 milling enterprises for violating the procedure of selling products acquired from state resources through the exchange. The committee issued decisions and directives to apply corresponding sanctions, highlighting the seriousness of the infractions.

The committee stated that to stabilize prices for wheat products in the domestic market, it is mandatory to offer flour on exchange trades in a volume corresponding to the set norm from purchased state wheat. If this order is breached, harsh measures will be taken, reflecting the government's focus on food security and price control amid economic challenges.

Source: kun.uz