The Competition Committee conducted an investigation regarding the Payariq Claster cotton cluster, as reported by the agency's press service.
The supervisory authority in the Samarkand region identified instances of products being sold through direct contracts, bypassing exchange trading. A Cabinet resolution from 2020 mandates that high-liquidity and monopoly goods must be sold exclusively through the exchange.
In 2022, the cluster sold 259 tons of cotton oil, 890.5 tons of cake, and 418.9 tons of cotton husk through direct contracts. Additionally, in 2023, 2250 tons of technical seeds were sold with violations.
Products were sold at prices inflated compared to exchange quotes. As a result, the unjustified income of Payariq Claster amounted to approximately 1.9 billion sums.
A special commission of the Committee initiated proceedings against the company for violating the sales procedures for high-liquidity products and decided to implement appropriate measures. The firm was ordered to rectify the deficiencies and ensure they do not recur in the future.
Over the last three months, the supervisory authority has conducted investigations into 17 cotton clusters. The most violators were identified in the Namangan region (6 enterprises), with three each in the Jizzakh and Kashkadarya regions.
According to the Committee, the Khantex Group cluster in the Andijan region received 380 million sums by manipulating cotton seed prices. The White Gold Klaster from the Syrdarya region was accused of obtaining 93 billion sums from product sales bypassing the exchange.
Previously, Spot reported that the Competition Committee compensated 118 million sums in damages to consumers of dietary supplements.