French government will check retailers for fair prices

French government will check retailers for fair prices
French government will check retailers for fair prices
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French Finance Minister Bruno Le Maire has announced that plans are in the works to intensify controls on major French and European retailers. This initiative aims to ensure that they comply with legislation aimed at ensuring fair prices for French farmers and growers. The move comes at a time when France is trying to tackle farmer dissatisfaction. Farmers, who represent the largest agricultural sector in the EU, say they are underpaid. Despite efforts by the government and retailers to reduce food inflation, many farmers are still struggling to cover their costs.

Speaking to French radio CNews/Europe 1, Le Maire announced that he plans to carry out 500 inspections at five major retailers to ensure that the EGALIM law, which aims to guarantee fair prices for farmers, is implemented. complied with. In addition, he intends to carry out specific audits regarding European purchasing alliances in the retail sector in the context of EGALIM.

Le Maire warned that France will impose fines of up to 2% of sales on food retailers who fail to offer French farmers fair prices under the EGALIM law. He also revealed that formal requests had been sent to “four industrial groups” suspected of non-compliance with the law, adding that “if we are proven right, they will be heavily sanctioned up to 2% of their turnover.”

Source: reuters.com

The article is in Dutch

Tags: French government check retailers fair prices

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