The Romanian government extended and expanded the restriction of the food margin

By: Trademagazin Date: 2023. 10. 27. 09:57

The Romanian government decided to extend and expand the limitation of the basic food margin at Friday’s meeting, the Ministry of Agriculture and Rural Development in Bucharest announced.

The provision thus remains in effect until January 31, 2024. The restriction was introduced by the Ciolacu cabinet with an emergency decree on August 1, for a period of three months. The law limits the permissible margin applied by processors and retailers to 20 percent, and wholesale distributors (regardless of the number of sales) can collectively charge a profit margin of no more than 5 percent.

The summer emergency decree limited the price of 14 staple foods: it applied to white bread of specified composition and packaging, fresh cow’s milk, telemea (Romanian cheese), yogurt, wheat flour, cornmeal, eggs, sunflower oil, chicken, pork, fresh vegetables, fruit, potatoes and sugar.