Fairness in the food supply chain increased with greater price transparency

EPA/JUSTIN LANE

A woman shops for groceries at a super market in Brooklyn, New York, USA, on 29 March 2011. Rising food, and oil, prices are major factors in the United States' inflation forecast and will likely affect the country's economic growth.

Fairness in the food supply chain increased with greater price transparency


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The European Commission tabled a proposal that will make available crucial information on how prices are determined as agri-food products move along the food supply chain.
The proposed measures will cover the meat, eggs, dairy, fruit and vegetables, arable crops, sugar, and olive oil sectors. National authorities will be responsible for the collection of price and market data. It is essential that the information provided is accurate and timely.
Greater transparency can support better business decisions and improve trust in fair dealing between the stages in the food supply chain. Having access to timely and easily accessible information about market developments is also key to compete effectively in global markets.

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