The Fijian Competition and Consumer Commission has called on traders that have exorbitantly increased the price chicken due to the increase in VAT to 15 percent, to stop this unethical practice or they will have to impose price regulation.
FCCC Chief Executive Officer, Joel Abraham says they received a lot of concerns yesterday regarding the exorbitant price of chicken, namely Rooster and Crest Chicken.
He says they had noticed that some of the prices had reached as high as $33 but the specific product should be in the price range of $21 to $23.
Abraham says they have contacted the wholesalers and retailers, and under no circumstances, FCCC has told them that they can unethically raise the price.
He adds they have informed the stakeholders that if they do not correct their practices, FCCC will not think twice about imposing price regulation for this item.
The CEO says their officers have been monitoring the situation from yesterday and they have already started seeing reduction in price.
Abraham adds they hope from tomorrow and going to the weekend, the prices are going to come down and it should be reflective of the changes in VAT and any other cost adjustments that are legitimate.
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