Juhayna Files Documents Against Monopoly Allegations, Alam Says

Juhayna Food Industries (JUFO), Egypt’s biggest producer of packaged milk, filed further documents with Egypt’s antitrust commission in response to allegations that it doesn’t pay farmers a fair price for milk because of its size, Al Alam Al Youm reported.

The company has reached agreement with farmers to tie the price it pays for milk to that which farmers pay for fodder, the newspaper cited Sameh El Hudeibi, the deputy financial manager, as saying.

To contact the reporter on this story: Ahmed A Namatalla in Cairo at anamatalla@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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