Montenegrin government limits markups on flour and sunflower oil

Published 2024년 7월 23일

Tridge summary

The Government of Montenegro has decided to temporarily cap the prices of essential products like wheat flour, sugar, sunflower oil, and table salt due to external market shocks causing price hikes. This decision, made with majority consent in a telephone meeting, limits trade markups to 5% for wholesale and 7% for retail. Coordinated with the Chamber of Commerce and Industry, the measure aims to protect low-income consumers while maintaining economic activity in the retail and wholesale sectors.

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Original content

The Government of Montenegro, in a telephone meeting today, with the consent of the majority of members, adopted the Decision on temporary measures to limit prices of products of special importance for life and health of people and the list of these products. “Taking into account that, as a result of continuous monitoring of the market situation and price dynamics, it has been established that due to external shocks there is still an increase in the prices of products included in the basic foodstuffs, the Decision limits the marginal trade markup up to 5% in wholesale trade and up to 7% in retail trade for the following products: wheat flour (brands 400 and 500), sugar, sunflower oil and table salt,” the Government pointed out. They note that the decision is the result of ...

Source: UkrAgroConsult