News

Appropriate measures were taken against Payariq claster LLC for manipulation

In accordance with the Regulation ‘On the procedure for the sale of highly liquid and monopolistically demanded products at exchange trading’, approved by the Cabinet of Ministers of the Republic of Uzbekistan on 18 March 2020 № 170, the Antimonopoly Agency is obliged to regularly monitor exchange prices. As a result of monitoring conducted by the Samarkand Regional Department of the Competition Committee, it was found that "PAYARIQ CLASTER ’ LLC sold 259.1 tonnes of cotton oil, 890.5 tonnes of cotton meal and 418.9 tonnes of cotton husk in 2022, and 2,250.0 tonnes of technical seed products in 2023 under direct contracts. Also, as a result of direct sale of cotton oil, cotton meal and cotton husk products obtained from cotton harvesting by the cluster enterprises in 2022-2023 without placing them on the exchange, the total volume of these products increased by 1.9 billion soums as a result of higher application of prices for the products compared to the average exchange quotation prices formed on the exchange. Some discrepancies were revealed. In connection with the above-mentioned circumstances, the Special Commission of Samarkand Regional Administration initiated a case against ‘PAYARIQ CLASTER “ LLC on the grounds of violation of the requirements of the Regulations approved by Article 29 of the Law ”On Competition’ and Resolution of the Cabinet of Ministers No. 170, and in accordance with the established procedure, appropriate sanctions were taken. At the same time, a binding order was issued to eliminate the violation and prevent it in the future.