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Indonesia's antitrust agency to probe high food prices amid Ramadan

( March 5, 2025, 10:05 GMT | Official Statement) -- MLex Summary: The Indonesian Competition Commission, or KPPU, said it would collaborate with relevant government agencies to probe possible price fixing or other anticompetitive behavior by major national basic food distributors. This follows a surge in basic food prices ahead of the Islamic religious festivity, Eid Al-Fitr, which falls on March 31. In a survey conducted a week before the Ramadan fasting period began on March 1, the KPPU monitored 17 basic commodities and found that 8 — including rice, eggs, bulk cooking oil, chili and sugar — were being sold at prices above the highest retail price set by the government. The statement, in Indonesian, is attached. ...

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