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Essential food report shows increasing concentration and challenges for small-scale farmers

Essential food report shows increasing concentration and challenges for small-scale farmers
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Food retailers raked it in over lockdown (and they still are)


Food retailers raked it in over lockdown (and they still are) - report
18 December 2020 10:48 AM
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The Competition Commission has found that food prices haven t returned to normal following an increase during the hard lockdown.
For a great many South Africans the Covid-19 national lockdown bought with it extreme hardship.
Scores of people lost their jobs, others were forced to close businesses and, in an already difficult economic climate, were left wondering how they would survive.
Food security became a huge concern, and feeding schemes buckled under the weight of demand.
This week the Competition Commission
released its latest Essential Food Pricing Monitoring Report in which it reveals how food retailers benefited financially from the lockdown. ....

South Africa , South Africans , James Hodge , Competition Commission , Essential Food Pricing Monitoring Report , ஜேம்ஸ் ஹாட்ஜ் , போட்டி தரகு , அவசியம் உணவு ப்ரைஸிஂக் கண்காணிப்பு அறிக்கை ,

Competition Commission: Woolworths and other food retailers scored from the lockdown


The food division of Woolworths, with its well-heeled customer base that could absorb the shock of the lockdown, saw an increased sales revenue growth of 10.7% for the whole year and 13.3% revenue growth in the second half of their financial year.
This period coincides with the lockdown, and the report says that Woolworths’s “higher revenue growth in this period” was a result of a shift in consumption patterns.
Other retailers saw an increase in revenue margins of between 2% and 9%.
Another trend the report looked at was its “concerns around conduct of retailers over the lockdown” as prices of certain basic items increased out of proportion to wholesale prices. ....

South Africa , South Africans , Competition Commission , Massmart Group , Essential Food Pricing Monitoring Report , போட்டி தரகு , அவசியம் உணவு ப்ரைஸிஂக் கண்காணிப்பு அறிக்கை ,