A cabinet sub-committee, in collaboration with the Ministry of Consumer Affairs, is soon to convene a meeting with Caribbean Agro Industries (CAL) to deal with the issue of price gouging.
REPORT:
The Government of Grenada is said to have recently expressed concerns about the decision by Caribbean Agro to effect price increases during the COVID-19 pandemic, even after being advised by the Consumer Affairs Ministry against doing so,.
We understand that the Government is also concerned that increasing the price of basic commodity items will exacerbate social and economic challenges confronting families, due to the pandemic.
This concern was expressed to Caribbean Agro when the company first communicated the planned price increase for flour and animal feed.
A request was made to the company to maintain prices at the current levels.
The Government, therefore, says it’s appalled by the decision to proceed with the implementation of the price hike, negatively affecting the growth and development of the poultry sector.
It’s reported that Industry officials had previously expressed concern about the impact of the monopoly on the development of the poultry sector and the increased cost of feed making it more difficult to generate the jobs and the production capacity that will foster the growth of the industry.
The Government is giving the assurance to the general public that all will be done to remedy the situation. Petra Louison, Wee FM News.
