The Saudia Arabian government is to take disciplinary action against 10 barley importing companies found to be selling their barley at higher prices than was set out by the
Ministry of Commerce and Industry. The Ministry of Commerce had been receiving complaints from farmers about unreasonable rises in the price of cattle feed. It ordered all companies dealing with cattle feed not to raise their prices without justification and to clearly write the prices on each bag. Its officials have been making regular field inspections to monitor the situation.
The punishment for each offending company includes:
- a SR50,000 (€9,337) fine
- publicising their punishment on a half page advertisement in three local newspapers at their own expense, with at least one of the publications serving the region where the violation was committed
- be forced to remain closed for 15 days. Read more ...
This blog is written by Martin Little The Global Miller, published and supported by the
GFMT Magazine and
International Milling Directory from
Perendale Publishers
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