South Africa: Commission report points to opportunistic price increases by sunflower oil processors

게시됨 2022년 8월 24일

Tridge 요약

The Competition Commission of South Africa has published a report revealing significant issues in the country's food market, including opportunistic price increases in sunflower oil and bread, and a widening farm-to-retail price gap for various commodities. The report, which is part of the Commission's efforts to address concerns over food price inflation, highlights concerns such as high processor and retailer margins, price volatility in tomatoes, and the effects of the Covid-19 pandemic and the Eastern European conflict on food prices. The Commission is investigating these issues and will monitor food prices to ensure that any cost reductions are passed on to consumers.

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원본 콘텐츠

According to the ‘Essential Food Pricing Monitoring Report’, released by the Competition Commission on August 24, South African consumers may be facing opportunistic price increases in sunflower oil as processor prices have increased by far more than sunflower seed prices this year. Retailers have failed to pass on wholesale cost reductions for bread in the past, resulting in widening retail margins, the commission notes. The findings come at a time when there is widespread concern over food price inflation faced by already struggling consumers and the commission’s food price monitoring efforts have revealed several concerns in South Africa’s food markets and food value chains. Some other concerns brought to the fore include a wide farm-to-retail spread in prices, large price differences between regions for basic fresh produce, growing margins at the processor and retailer level, as well as the general trend of price inflation that started with the Covid-19 pandemic and has since ...

출처: Engineeringnews