EU to step up monitoring of retail market as food prices increase disproportionately .
The European Commission said it will monitor retail markets as global food prices continue to rise and said short-term measures would not solve the problem. 'The commission will step up its monitoring of the retail market, because bear in mind that certain food price increases do not reflect corresponding increases in raw material prices,' commission spokesman Johannes Laitenberger said. He added that in certain parts of Europe the price of bread has risen by as much as 20 percent -- even though raw material costs have only gone up by 4-5 percent.
No comments:
Post a Comment