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Inflation: Food kings in the dock

2023-06-06T18:41:28.599Z

Highlights: Industrialists are playing for time, says Bruno Le Maire. 75 major industrialists have pledged to reopen trade negotiations. But, to date, only two or three have done so, it is not satisfactory. Without renegotiation, in fact, there will be no price decline on the shelves. "If these trade talks don't reopen until June 15, you won't have...This article is for subscribers only. You still have 89% to discover.Want to read more?Unblock all items immediately.


DECRYPTION - Bercy denounces the soaring margins of industrialists for a year. Enough to force them to renegotiate with distributors? They refuse to do so, even though their costs have fallen.


Although inflation began to decline slightly last month, prices in the food shelves remain at their highest in two years. Enough to ulcerate the Minister of the Economy. While the costs of agricultural raw materials and energy are falling sharply, agri-food manufacturers are indeed pulling their ears to renegotiate their prices with distributors.

"Industrialists are playing for time," says Bruno Le Maire. They say they will do tomorrow. I'm not an idiot. 75 major industrialists have pledged to reopen trade negotiations. But, to date, only two or three have done so, it is not satisfactory. " The minister raised the level of pressure: "I will bring together food manufacturers and distributors in the coming days. I want negotiations to begin."

Without renegotiation, in fact, there will be no price decline on the shelves. "If these trade talks don't reopen until June 15, you won't have...

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Source: lefigaro

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