TMG's Arab Company for Projects upgraded to AA- on record sales    Egypt's SCZONE eyes Peru cooperation in food manufacturing, logistics    Think Commercial concludes with key recommendations to boost fractional real estate investment    PM Madbouly reviews green construction roadmap    Egypt's Sisi slams Gaza 'war of starvation' at BRICS, discusses truce with US CENTCOM chief    Rising international outrage as Israeli strikes escalate in Gaza    Egyptian government charts new policies to advance human development    Egypt, Spain discuss expanding health cooperation, support for Gaza    Egypt's foreign minister holds talks on reviving Iran nuclear negotiations    Israel intensifies Gaza offensive amid renewed diplomatic efforts, international pressure    Egypt marks International Day of Clean Air at Wadi Degla Protectorate    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt expresses condolences to Sudan after deadly Darfur landslides    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's dairy association claims Juhayna is squeezing other producers
Dairy Producers Association disapproves of Juhayna's new raw-milk-pricing formula and accuses the company of monopolistic practices
Ahram Online Published in Ahram Online on 05 - 09 - 2011

Egypt's Dairy Producers Association has voiced discontent over Juhayna's new raw-milk pricing formula, claiming it does not take into consideration all milk raw materials costs and forcing producers to agree on the new formula.
The Association says the Minister of Trade and Industry should have referred the case to general prosecution six months ago, it told Al Mal daily financial newspaper.
The Association is demanding that Juhayna pay a penalty, ranging from LE200,000 - 600 million, due to the company's monopolistic and anticompetitive actions over the last 10 years.
A note from investment bank Beltone Financial said: "This issue has been ongoing for some time now, but if the Association's accusations to Juhayna are proven true, this could be negative for the company, as a penalty will be paid and a new raw milk pricing formula will be devised which will probably squeeze Juhayna's dairy margins."

Clic here to read the story from its source.