Entrepreneurs in the Atyrau Region Illegally Raised Prices on Groceries

Some items were being sold at twice their normal price

12/08/2023 - 21:10

In the Atyrau Region, entrepreneurs have been identified for unlawfully inflating prices on groceries, Sarbaz.kz reports, citing the regional administration's press service.

Under the chairmanship of the Deputy Head of the Region, Marat Murziev, another session of the commission investigating intermediary schemes throughout the entire pricing chain for socially significant food products (SZPT) was held.

The commission reviewed the results of analytical work aimed at preventing legislative violations among wholesale carriers importing socially significant products into the region.

It was determined that Individual Entrepreneur "A" purchased vegetables (potatoes, carrots, onions, cabbage), sugar, buckwheat, and salt from Individual Entrepreneur "B" at reduced prices and then sold them through Legal Entity "Y" at twice the price. In response, measures were taken by specialists in accordance with the requirements of the existing legislation.

It is noteworthy that, as of today, nine business entities have been held administratively accountable due to the systematic efforts of the commission. These entities were unreasonably inflating prices on food products. They added a markup of 41% on sugar products, and buckwheat was being sold at twice the price, with sales occurring in substantial volumes.

By the decision of the commission members, the Department of Trade and Consumer Rights Protection of the Atyrau Region has been tasked with organizing further efforts to stabilize prices.

For reference: In accordance with Article 9 of the Law of the Republic of Kazakhstan "On Regulation of Commercial Activities," the maximum trade markup is set at no more than 15% of the manufacturer's selling price or the wholesale purchase price for socially significant food products.



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