Thursday, January 30, 2020

Germany: Food Prices May Be Too Low

I am not sure I am reading this correctly.
I know there was a British politician who suggested raising food prices, both to combat obesity and to reduce the expected post-Brexit food trade deficit. I just assumed he was nuts but raising prices seems to be what is being discussed here as well.
From PoAndPo Agrifish:

Germany: Chancellery invites Aldi and Lidl to meetings about cheap prices
The Chancellery has invited to a top meeting on cheap food prices.
According to the CDU politicians, the meeting will take place on February 3.

According to a report, the retail groups Edeka, Aldi Nord, and Lidl are also invited.

They confirm to the Süddeutsche Zeitung that they have received an invitation.

"It's like David against Goliath when farmers negotiate with the trade," said Klöckner.

Retailers complain that consumers no longer want to pay, but are themselves setting ever lower prices.

In the end, the producer, who is left with less and less, bathed it....MORE