News Formal

Food industry hits out at plan to force supermarkets to reveal profit margins

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 71%

Business News News

Business Business Latest News,Business Business Headlines

Proposed food ombudsman would have powers to probe suspected unfair trading practices as chains are accused of price gouging

The food industry has slammed government proposals to compel supermarkets and processors to reveal their profit margins as part of efforts to prevent price gouging.

It comes as supermarket chains have been accused of profiteering over the current inflation in grocery prices. A senior food industry source has said that supermarket bosses have described this country as ‘Treasure Ireland’ because of the higher margins they can charge here compared to other markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Food industry hits out at plan to force supermarkets to reveal profit marginsThe food industry has slammed government proposals to compel supermarkets and processors to reveal profit margins as part of efforts to prevent price gouging. It comes as supermarket chains have been accused of profiteering over grocery prices.
Source: businessposthq - 🏆 8. / 71 Read more »

Food industry hits out at plan to force supermarkets to reveal profit marginsProposed food ombudsman would have powers to probe suspected unfair trading practices as chains are accused of price gouging
Source: businessposthq - 🏆 8. / 71 Read more »