Feathers were ruffled yesterday when it was revealed that 13 fresh chicken distributors — accounting for over 90 percent of their market share — were accused of jacking up prices together.
The fowl foul move was uncovered by the Competition Commission of Singapore (CCS), who published their findings yesterday. It's already been dubbed as one of the worst anti-competitive cases involving an industry here, with approximately half a billion dollars in combined annual turnover under their collective wing.
Apparently, CCS were alerted to cocky complicity after receiving a complaint on the alleged anti-competitive conduct. Investigations revealed that the involved parties had engaged in discussions from at least 2007 to 2014 on prices and price increases.