Farmer's Weekly

Quick to go up, slow to come down

Retail prices move up with the speed of a rocket when upstream prices increase but go down like a feather falling when input prices decrease.

The Competition Commission (CC) recently published a report on retail prices that clearly shows this trend. It quotes several South African studies that confirm this trend in terms of local beef, maize meal, bread, sunflower oil and fresh milk value chains.

The CC explains that retail prices in food value chains

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