Greek supermarkets limit flour, sunflower oil purchases

Published Mar 26, 2022

Tridge summary

Greek supermarket chains have imposed limits on the purchase of flour and sunflower oil due to increased demand and concerns over potential supply issues caused by the war in Ukraine. The restrictions are part of wider concerns about product shortages across the European Union, with Russia and Ukraine being key suppliers of these commodities. The Greek government has asked suppliers to declare stockpiles of various products and is planning to discuss potential shortages further with Prime Minister Mitsotakis. Similar restrictions have also been implemented in Spain and Italy.

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Original content

Supermarket chains in Greece said on Thursday they are restricting how much flour and sunflower oil customers can buy, saying the step was precautionary after seeing demand rise on worries supplies will be hit due to the war in Ukraine. The Russian invasion of Ukraine has led to a surge in prices and concerns about product shortages across industries in the European Union. Both Russia and Ukraine are key suppliers of sunflower oil and wheat, reports Reuters. Following similar measures in Spain and Italy, four Greek supermarket chains - AB, Sklavenitis, Kritikos and My Market - said they had limited online and in some cases in-store purchases this week of flour and sunflower oil. AB said it has placed a limit of 3 bags of flour and 3 bottles of oil per customer. The Secretary General for Commerce and Consumer Protection Sotiris Anagnostopoulos told Ant1 TV on Thursday that demand for some products had increased three-fold in recent weeks as shoppers stock up. The government said ...

Source: The Financial Express