The report of the GVH on the examination of the dairy sector is final
The Economic Competition Authority (GVH) has published its final report on the accelerated sectoral investigation of the dairy products market. On April 20, the GVH released the draft report for public consultation, in which the experts of the competition authority formulated six proposals in order to reduce inflation and strengthen the competitiveness of domestic producers.
Several of the proposals have since been used; from August 1st, price caps will be implemented, the Milk Product Council will review the basic price forecast methodology for raw milk, and on July 1st, the online price monitoring system will be launched, in which the daily prices of many dairy products can be monitored in approximately 1,200 stores of six retail chains.
On January 20, 2023, the Economic Competition Office was the first among the food markets to launch an accelerated sectoral investigation on the milk and milk products market. The GVH released the draft report summarizing the results for social consultation on April 20. Based on the findings of the analysis, the competition authority’s experts formulated six proposals to reduce inflation.
They proposed the revision of the price formula for raw milk, offered professional help for future legislative considerations related to the food price cap, suggested strengthening the comparability of consumer prices, suggested improving the market position of plant-based beverages, encouraging sustainable packaging, and further official action in the field of food trade was considered necessary.
Related news
GVH: margin reduction reduced prices, OKSZ disputes the effect
According to the Hungarian Competition Authority (GVH), the margin cap…
Read more >Butter and milk powder prices significantly above intervention price in Germany
According to the German Central Milk Market Service’s flash report,…
Read more >The trade association and the competition authority interpret the results of the competition office’s investigations differently
According to the National Trade Association (OKSZ), investigations by the…
Read more >Related news
Margin stop may remain in place after the end of November
As we also reported, the government has extended the margin…
Read more >A new tender will help food processing: a twenty billion forint budget will be opened in the fall
The aim of the new HUF 20 billion grant scheme,…
Read more >The digital SZÉP card will be available from September – the limit will also increase
The changes announced last year in the use of SZÉP…
Read more >