Uzbekcoal and nine other enterprises penalized for bypassing mandatory exchange trades

According to the committee, the total value of commodities traded in violation of national legislation exceeded UZS 8 billion. In the vast majority of these cases, enterprises sold their goods via direct contracts, explicitly bypassing the Uzbekistan Commodity Exchange where highly liquid assets must be publically auctioned by law.

Uzbekcoal accounted for over half of the total financial infractions discovered. In April 2026, the company engaged in price manipulation, selling coal valued at UZS 4.3 billion at artificially inflated rates. Investigators found that the enterprise failed to list its coal products on the exchange within the timeframes and volumes mandated by approved schedules. A special commission has ordered Uzbekcoal to rectify the violations and prevent any future recurrence.

The regulatory sweep also penalized six companies in the agricultural sector for selling flour through unauthorized direct contracts rather than the commodity exchange. In Tashkent, the capital's special commission launched cases against Shavkat Business Agro, Export Gold Agro, and Flour Asia. All three firms had processed grain purchased on the exchange into flour but then sold the finished product privately via direct deals.

A similar infraction was recorded in Surkhandarya region, where the processing plant Surxondaryo Don Mahsulotlari illicitly exported 375 tons of first-grade flour worth UZS 1.2 billion through a direct contract. Furthermore, the enterprise withheld another 364 tons of flour from the exchange, which had been milled from 485 tons of third-class grain acquired through state-regulated auctions. The committee has hit the company with a financial fine and ordered immediate compliance.

In Samarkand region, Humo Agro Platinum and Zomin Ishonch faced similar enforcement actions. The committee filed cases against both companies for violating the Law on Competition and the Cabinet of Ministers' resolution governing the mandatory exchange placement of highly liquid goods.

Beyond coal and grain products, major violations were discovered in the construction and manufacturing sectors. In Namangan region, the Pop Sement plant bypassed the exchange to sell 4,300 tons of cement via direct contracts for UZS 2.4 billion. The committee penalized the manufacturer for failing to meet the legal requirement to offer at least 50% of its total output through public exchange auctions.

Additionally, the regulator took action against the Koson oil mill in Kashkadarya region for selling cottonseed oil, oil cake, and hulls through direct contracts. The enterprise has been ordered to return UZS 91 million in unjustifiably obtained revenue to the state.