Domestic supplier relations are already threatened by the price cap

By: Trademagazin Date: 2023. 01. 19. 12:46

Retailers have started looking for cheap imports to reduce their losses on price-capped products. If this process continues, domestic food producers will suffer the greatest damage.

“We have received more and more market signals that, in order to compensate for the losses they suffered on products with a price cap, the retail chains have started to look again for the possibility of cheap imports, namely not only for food with a price cap, but also for foods that do not belong to that range”

– explained to Világgazdaság Tamás Éder, the vice-president responsible for the food industry of the National Chamber of Agrarian Economy (NAK), why the public body took a position in favor of removing the price stop as soon as possible.

“There are currently no accurate statistical data on the opening of retail trade to imported goods, as this is a process that has been observed for the past few months. The market signals came primarily from dairy products, as well as poultry and pork meat. It is not possible to sustain a situation where the cost of a product is not paid by the consumers, because this upsets the market”

he added.