{"id":57991,"date":"2024-02-03T21:26:21","date_gmt":"2024-02-03T21:26:21","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/do-not-agree-on-prices-with-fellow-traders-even-if-you-are-selling-tomatoes-cftc-warns"},"modified":"2024-02-03T21:42:52","modified_gmt":"2024-02-03T21:42:52","slug":"do-not-agree-on-prices-with-fellow-traders-even-if-you-are-selling-tomatoes-cftc-warns","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/do-not-agree-on-prices-with-fellow-traders-even-if-you-are-selling-tomatoes-cftc-warns","title":{"rendered":"Do not agree on prices with fellow traders even if you are selling tomatoes, CFTC warns"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>The Competition and Fair-Trading Commission (CFTC) says it is against the law for traders selling similar products to agree on prices of their goods. This comes as the world was commemorating this year\u2019s World Competition Day on 5th December under the theme \u201cRole of Competition in Enhancing Economic Recovery\u201d.<\/p>\n

CFTC has been organising meetings with traders in Mwanza, Mzuzu, Nkhotakota, Mzimba and Mulanje districts to sensitize them on competition and consumer protection.<\/p>\n

The Acting Director of Competition at CFTC, Fexter Katungwe, told traders in Nkhotakota district that agreeing on prices of any terms as traders or members of an association is against the Competition and Fair-Trading Act (CFTA).<\/p>\n

\u201cWhether you are selling meat, tomatoes or clothes, it is against the law to agree on prices. Actually, any category of agreements, decisions and concerted practices which may distort competition is a violation of the CFTA,\u201d he said.<\/p>\n

On the other hand, CFTC Chief Consumer Analyst Augustine Nyirenda\u2019s remarks in a similar meeting in Mwanza district, highlighted that trader shouldn\u2019t abuse their market powers by exploiting consumers through exorbitant prices or compromised quality of products.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. The Competition and Fair-Trading Commission (CFTC) says it is against the law for traders selling similar products to agree on prices of their goods. This comes as the world was commemorating this year\u2019s World Competition Day on 5th December under the theme \u201cRole of Competition in Enhancing Economic Recovery\u201d. CFTC has been […]<\/p>\n","protected":false},"author":84,"featured_media":57990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,371,234],"class_list":["post-57991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nDo not agree on prices with fellow traders even if you are selling tomatoes, CFTC warns - Malawi<\/title>\n<meta name=\"description\" content=\"The Competition and Fair-Trading Commission (CFTC) says it is against the law for traders selling similar products to ag ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/do-not-agree-on-prices-with-fellow-traders-even-if-you-are-selling-tomatoes-cftc-warns\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do not agree on prices with fellow traders even if you are selling tomatoes, CFTC warns\" \/>\n<meta property=\"og:description\" content=\"The Competition and Fair-Trading Commission (CFTC) says it is against the law for traders selling similar products to ag ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/do-not-agree-on-prices-with-fellow-traders-even-if-you-are-selling-tomatoes-cftc-warns\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-03T21:26:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-03T21:42:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/02\/sm_1706983870.061065.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1057\" \/>\n\t<meta property=\"og:image:height\" content=\"583\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/do-not-agree-on-prices-with-fellow-traders-even-if-you-are-selling-tomatoes-cftc-warns#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/do-not-agree-on-prices-with-fellow-traders-even-if-you-are-selling-tomatoes-cftc-warns\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Do not agree on prices with fellow traders even if you are selling tomatoes, CFTC warns\",\"datePublished\":\"2024-02-03T21:26:21+00:00\",\"dateModified\":\"2024-02-03T21:42:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/do-not-agree-on-prices-with-fellow-traders-even-if-you-are-selling-tomatoes-cftc-warns\"},\"wordCount\":214,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/do-not-agree-on-prices-with-fellow-traders-even-if-you-are-selling-tomatoes-cftc-warns#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/02\/sm_1706983870.061065.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/do-not-agree-on-prices-with-fellow-traders-even-if-you-are-selling-tomatoes-cftc-warns#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/do-not-agree-on-prices-with-fellow-traders-even-if-you-are-selling-tomatoes-cftc-warns\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/do-not-agree-on-prices-with-fellow-traders-even-if-you-are-selling-tomatoes-cftc-warns\",\"name\":\"Do not agree on prices with fellow traders even if you are selling tomatoes, CFTC warns - 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