FCCC to begin market inquiry in the grocery sector
Concerns regarding some prices may be driven due to sheer corporate greed – FCCC CEO

FCCC to begin market inquiry in the grocery sector

Concerns regarding some prices may be driven due to sheer corporate greed – FCCC CEO

By Rashika Kumar
Thursday 18/04/2024
FCCC CEO, Joel Abraham

The Fijian Competition and Consumer Commission will undertake a market inquiry into the pricing practice of the entire industry, which will commence on the 1st of May this year.

FCCC CEO, Joel Abraham says the objective of the study is to ensure that they are able to establish the structure of the grocery retail sector and undertake a comprehensive analysis to look at the market size and segmentation.

He says FCCC has some concerns regarding product prices, which may be artificially driven and as a result of sheer corporate greed.

Abraham says if this is revealed to be true, then the players in the supermarket industry will face the full brunt of the law.

He says FCCC has intensified its monitoring of essential items both within regulated and unregulated sectors to tackle the elevated price levels that burden Fijian consumers.

The CEO says they have identified a list of products for detailed supply chain assessment, ensuring the privacy practices aligned with fair market practices and protection of consumer rights.

He says they are initially looking at certain products like chicken, noodles, toothpaste, bathing soap, washing detergent, baking powder, chicken portions, sausages, yogurt and lamb products.

The study will encompass the grocery retail sector market segment, and the wholesale sector as well as imports.

The CEO has also confirmed the establishment of a Bus Industry Advisory Committee where issues such as fair pricing and service quality will be looked at.

Land Transport Authority Deputy Chairman Rajendra Prasad will chair the Committee which has a representation from key stakeholders including industry experts, consumer rights group and government officials

Abraham adds the Committee is expected to spearhead reforms that will make bus travel more reliable, affordable and convenient for Fijians.

WAF considers proposal to increase water tariff and have full corporatisation
The Water Authority of Fiji is considering full corporatisation and increasing water tariffs to make it more viable and to reflect the true cost of se...
15 hours ago
3 people arrested following meth seizure in Koronivia
Three men were arrested following a raid in Koronivia where white substances believed to be methamphetamine were seized on Friday night. Assistant ...
1 hour ago

SGS alumni gather for heartfelt thanksgiving service as part of 60th+4 Diamond Jubilee Celebration
Former students of Suva Grammar School gathered in numbers yesterday for a thanksgiving church service which is part of the school’s 60th+4 Diamond ...
1 hour ago

Rescue teams search for Iran's president after helicopter crash
A helicopter carrying Iran's President Ebrahim Raisi and Iranian Foreign Minister Hossein Amir-Abdollahian has been involved in an ...
1 hour ago

UNESCO looks at curriculum development on drugs from early childhood to secondary education
The United Nations Educational, Scientific and Cultural organizations are working with the National Substance Abuse Advisory Council in looking at ...
15 hours ago

Injectable drugs contribute to 25% of HIV cases this year – Dr Devi
The Ministry of Health has noticed an increase in injectable drugs that contributes to almost 25 percent of HIV cases this year however this needs to ...
15 hours ago

fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
Ministry of Home Affairs Talanoa Session on Illicit Drugs and Substance Use Disorders in Fiji
The pervasive threat of illicit drugs has emerged as a pressing concern, rapidly infiltrating and destabilizing our society therefore the Republic of ...
3 days ago

Bainimarama and Qiliho hearing in dismissal of 2 police officers case
Acting Director of Public Prosecutions John Rabuku says he wants the hearing of former Prime Minister Voreqe Bainimarama and suspended Police ...
3 days ago