PARIS (Reuters) - Finance Minister Bruno Le Maire is meeting France's top supermarkets and their suppliers on Wednesday and Thursday to try to persuade ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSWatch on
Le Maire said in June he had secured a pledge from 75 top food companies to cut prices on hundreds of products from July to reflect lower raw material costs. But a junior minister said last month that only about 40 had made good on their promise. On Wednesday, the boss of supermarket group Les Mousquetaires said this meant prices would not fall significantly until March next year, and called for negotiations between retailers and industrial groups to be held more frequently to reflect changes in the economic situation.France adopted so-called EGAlim legislation in 2018, during President Emmanuel Macron's first term, with the aim of increasing farmers' income.
A Senate report last year said revision clauses forcing retailers and producers to adjust prices in line with raw materials only covered 20% of contracts, and prices were most often locked into the yearly price negotiations.Under the EGAlim legislation, retailers are not allowed to discount products by more than 34% of their value, nor sell more than 25% of a product's volume in a promotional offer.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Explainer-Why the US is negotiating the price of 10 drugsBy Patrick Wingrove (Reuters) - The U.S. government on Tuesday released a list of 10 prescription medicines that will be subject to the first-ever ...
Lire la suite »
Thierry Henry looking to coach France to Olympic gold at Paris GamesHaving helped France win trophies as a prolific forward, Thierry Henry wants to lead Les Bleus to a long-awaited Olympic gold medal in his new role as coach.
Lire la suite »
Explainer-What's at stake in Poland's parliamentary electionBy Justyna Pawlak WARSAW (Reuters) - Poland holds a high-stakes national election on Oct. 15 that may give the ruling nationalist Law and Justice (PiS) ...
Lire la suite »
Explainer-What's at stake in Poland's parliamentary electionBy Justyna Pawlak WARSAW (Reuters) - Poland holds a high-stakes national election on Oct. 15 that may give the ruling nationalist Law and Justice (PiS) ...
Lire la suite »
Explainer-The proceedings Spanish soccer chief Luis Rubiales could faceBy Emma Pinedo MADRID (Reuters) - Spanish soccer boss Luis Rubiales, who caused a furore when he grabbed player Jenni Hermoso's head and kissed her on ...
Lire la suite »
Explainer-After Credit Suisse takeover, UBS gives first glimpse of new groupBy Noele Illien ZURICH (Reuters) - UBS will publish on Aug. 31 its first earnings report since a hastily arranged takeover of its Swiss rival Credit ...
Lire la suite »