The price cap often means a loss of HUF 300 per kilo or liter
Katalin Neubauer, secretary general of the Hungarian National Trade Association (MNKSZ), spoke to Index about the consequences of the price cap for traders.
“It is most noticeable in the case of sugar, oil, and chicken breast, where a store has a loss of HUF 200-300 per liter or kilogram – the purchase price is that much higher than the official price”
Katalin Neubauer explained to Index.
In the case of larger commercial chains, cheap imports mitigate the loss, but the owners of small shops are not affected by this.
He considers it welcome that a kind of price consolidation can already be observed in the case of dairy products, which saw an 80-90 percent increase in price. But even so, a loss of HUF 100 per liter is experienced. The price drop can be attributed to imported milk.
Related news
The Hungarian National Trade Association takes action against food inflation
Without the cooperation of food manufacturing and supplying companies, the…
Read more >Europe’s Day in Commerce: the sector is changing
Europe’s Day in Commerce has been organised for the 20th…
Read more >Supplier and buyer goals align, but challenges and plans vary by channel – We were learning together (Business Days 2024 Part 1)
From Tuesday the students of the FMCG Open University had…
Read more >Related news
Disrupted market, uncertain future – foot-and-mouth disease epidemic could have serious consequences
The outbreak of foot-and-mouth disease (FMD) in Hungary has triggered…
Read more >Could a volcano paralyze European tourism today?
Fifteen years after the 2010 eruption of the Icelandic volcano…
Read more >NMHH: November remains the strongest month in the advertising market
November is still the strongest month in the advertising market,…
Read more >