Fruit and vegetable prices: Competition watchdog to probe conduct of farmers, retailers | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 80%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

As South Africa's food prices continue to climb at the fastest rate since 2009, the competition watchdog has launched an inquiry into the market for fresh produce. | News24_Business

, the competition watchdog has launched an inquiry into the market for fresh produce.

The focus will be on apples, bananas, oranges and other citrus produce, stone fruit, pears, avocados, grapes and nuts, along with vegetables such as potatoes, onions, tomatoes, sweetcorn, carrots and cabbage. One of the areas of concern that the commission has flagged is the issue of concentration. A previous study by the commission found that while large farms made up just 6.5% of all farms in SA, they accounted for 67% of total income in 2017-2018.

The commission says its previous research into food prices"consistently highlighted that the sharp decline in the number of commercial farms may be indicative of the difficulties smaller farmers face in reaching the necessary economies of scale to decrease costs and maintain profitability".

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

_Business The whole southafrican economy is driven by greed and corruption, with the solar power industry being close to the top of the list, they know how to kick a citizen when his down.

_Business So must producers sell at a loss!!

_Business start governmentsalaryshedding to help the whole country coz the majority of us a battling and just surviving and they just do not care for any of us, just about how much they can put in their pockets, then let's see how quickly things will change!! Killing the people/Nation

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:

 /  🏆 4. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

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

TikTok creators could soon start charging users to watch their videos, report says | Business InsiderIn an effort to attract new users, the app is considering a paywall, a second Creator Fund, and more polished content, per The Information. BISouthAfrica Really? I'd like to know how unless they have your financial info. Most of it's junk with bored inflencers documenting their day is 30 second sound bites. 😑 BISouthAfrica 🤣🤣🤣 being a creator is like working for free, tiktok doesn't pay. Best funnel your followers to other platforms or to your own online store. BISouthAfrica Goodbye Tik-Tok
Source: BISouthAfrica - 🏆 34. / 51 Read more »

Adidas is facing a problem even bigger than Yeezy | Business InsiderDire forecasts for 2023 imply Adidas expects to take a substantial sales and profit hit outside of Yeezy's impact on the company.
Source: BISouthAfrica - 🏆 34. / 51 Read more »

Flysafair to fly to Windhoek, Harare and Zanzibar - and may launch daily Mauritius flights | BusinessFlySafair is set to expand its regional route network with planned commercial flights to Windhoek, Harare and Zanzibar. | News24_Business _Business Very much welcome this news. 👌🏾 _Business Just made my afternoon ❤️❤️ _Business Great news indeed👌🏽
Source: News24 - 🏆 4. / 80 Read more »

ITWeb | Business Technology News and Information SiteI'm paid what I negotiate, hardly ever what I deserve/worth...
Source: ITWeb - 🏆 45. / 51 Read more »