New EU law to improve price transparency in beef and dairy industries have been signed into law in Ireland

New EU rules to improve food market price transparency in the meat and dairy industries have been signed into law by Minister for Agriculture and Food Charlie McConalogue. The new changes build on existing price reporting obligations to provide more information on prices at each stage of the food supply chain. Mr McConalogue’s department said that while there is a large amount of information available about farm gate prices, volumes and stocks, and the prices paid by consumers at retail level, there is limited information about prices at other stages of the chain. One example cited where there is limited information was the prices at which processors sell product and the prices at which retailers buy product. The enhanced reporting requirements for Ireland apply to both the meat and dairy sectors. In advance of the implementation of these new changes at EU level, the department has provided additional detailed price reporting on the Beef PriceWatch app. Additionally, as part of ...