Turkey's state-owned Meat & Fish Corporation, known as EBK, on Thursday cancelled two auctions held earlier as part of government's efforts against high red meat prices.
EBK had held two auctions, on Tuesday and Thursday, to import beef after the government lifted last week meat import ban in a bid to curb price hikes.
EBK said these two auctions were cancelled due to "lack of free competition."
In the first auction on Tuesday, three companies offered bids for livestock import to Turkey. All three companies -Hacilar Helal Et, Dituria Sro, Sc. Agro Hilal Srl- belong to Turkish businessmen living abroad.
The auction was held for import of 4,025 tons of livestock which means nearly 8,500 animals from Estonia, Latvia, Lithuania and Hungary.
In the other auction on Thursday, Khaled Hijazi, a Jordanian company, offered the lowest bid for procurement of 5,000 tons of livestock from the United States, Brazil, Uruguay, Argentine and Chili.
Turkish Agriculture Ministry said EBK would hold a new auction shortly.