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KPPU suspects Cipinang market rice traders behind lack of supply

( March 2, 2016, 04:29 GMT | Insight) -- Indonesia’s Business Competition Supervisory Commission says it has been investigating suspected cartel conduct in the market for rice, including by looking at several production centers, Bisnis.com reports. Indonesia’s Business Competition Supervisory Commission, or KPPU, says it has been investigating suspected cartel conduct in the market for rice, including by looking at several production centers, Bisnis.com reports. KPPU Chairman Syarkawi Rauf said the watchdog's suspicions had been raised after unannounced inspections at Jakarta's wholesale rice market in Cipinang and a production center in the west Javanese city of Karawang in late 2015 produced contradictory findings. Cipinang market had a lack of medium-quality rice, which was abundant in Karawang, he said. The KPPU suspected that unscrupulous traders at Cipinang market had deliberately impeded the entry of local rice in order to generate higher profit margins from imported rice....

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