Significant drop in Rewa Butter prices from today

Significant drop in Rewa Butter prices from today

By Vijay Narayan
Saturday 11/11/2023
Photo: File

Good news as there will be a significant reduction in the retail prices for Rewa Butter, effective from today.

The FCCC has undertaken a review in the price of Rewa Butter following a 19 percent decrease in landing cost of bulk raw butter, when compared to its last assessment.

A 500 grams Rewa Butter will cost $10.60 compared to the current price of $12.61, 250 grams will drop from $6.49 to $5.40 while 125 grams will cost people $2.80 compared to the current price of $3.43.

The commission says it's important to recognize that local prices are significantly influenced by procurement costs, such as the cost of imported raw materials.

It says as such, pricing determinations are based on a thorough consideration of market factors, including global commodity prices and supplier’s procurement costs based on freight rates, currency exchange rates and so on.

The FCCC says these price reductions represent a significant stride in enhancing the affordability of butter for Fijian families and reflect the FCCC's commitment to ensuring that market changes benefit consumers, fostering overall community well-being.

The commission says it’s vigilant monitoring of local market fluctuations and prompt implementation of necessary price adjustments remains pivotal in alleviating cost-of-living concerns and ensuring long-term market sustainability.

FEATURE NEWS
People’s Alliance had proposed for PM’s pay to be maintained at $328,750
The People’s Alliance Party had proposed to the Parliamentary Emoluments Committee for the Prime Minister’s salary to be maintained at $328,750 an...
9 hours ago
LATEST NEWS
Mavericks clinch 108-105 win over Timberwolves in Game 1 of Western Conference Finals
Luka Doncic led a strong finish for the Dallas Mavericks, swishing crucial shots down the stretch, drawing a couple of fouls and even playing strong ...
4 hours ago

FijiFirst submitted proposal similar to the committee recommendation for salary increases
The only opposition party in parliament, the FijiFirst, had proposed an increase in salary of the Leader of Opposition from $120,000 to $200,000, ...
9 hours ago

Crime increases by 73% in April, 14 police officers charged for various offences – Acting COMPOL
There has been a 73 percent increase in overall crime in April this year while serious crimes increased by 65 percent when compared to the same ...
11 hours ago

Nurses buying syringes and needles for patients at public hospital
Serious concerns continue to be raised by Fiji Nursing Association President, Doctor Adi Alisi Vudiniabola on nurses having to buy needles and ...
11 hours ago

Not the right time to increase MPs pay when many Fijians are struggling – Dialogue Fiji
Dialogue Fiji has today expressed its concern and disappointment over the recommendations made by the Parliamentary Special Committee on Emoluments, ...
11 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
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 ...
7 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 ...
7 days ago

Sayed-Khaiyum case on alleged payment of Saneem's taxes without proper approval
It is alleged that between the 30th of June, 2022 and the 12th of July, 2022 in Suva, whilst being employed in the civil service as the Acting Prime ...
7 days ago

TOP