News

Tunisia's olive oil price cap gets mixed response from consumers

Olive Oil
Tunisia
Regulation & Compliances
Market & Price Trends
Published Feb 2, 2024

Tridge summary

The Tunisian government's decision to cap domestic olive oil prices at 15 dinars per liter has sparked controversy. While some consumers appreciate the move, others argue that the quantity of subsidized oil is insufficient to significantly impact household costs. Implementation issues have led to shortages and concerns about potential oil adulteration and negative impacts on producers. Meanwhile, Tunisian customers on social media are demanding a 30% reduction in all agricultural products due to rising food prices. They are also expressing frustration over the export-oriented nature of olive oil production, with 80% destined for Spain and Italy, and are calling for more transparency in its distribution.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

There is an active debate in Tunisia over the effectiveness of the government’s strategy to lower consumer prices more than a month after it announced a price cap on domestic olive oil sales. In December 2023, the government capped the price of olive oil distributed by the National Olive Oil Office (ONH) at 15 dinars (€4.55) in local supermarkets due to concerns that prices were rising faster than household incomes. At the time, local olive oil prices at retail were expected to rise to 25 dinars (€7.40) per liter. Local media sources noted that overall, customers were happy with the initiative in the context of the current economic crisis. For example, Tarek, a young cafe manager, said he was prepared ​“to buy a liter of olive oil for 15 dinars rather than for 24 or 25 dinars.” However, there are some questions about the government’s media narrative, and not all feedback has been positive. On Facebook and other social media platforms, users noted that receiving ​“one and a half ...
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