Proposal tabled on EU food price monitoring

The European Commission on Wednesday tabled a proposal that will make available important information on how prices are determined as agri-food products move along the food supply chain.
Brussels said: "Buying and selling price differences can provide information about intermediary costs (such as transport, insurance, storage etc) between sellers and buyers. Greater transparency can support better business decisions and improve trust in fair dealing between the stages in the food supply chain. Having access to timely and easily accessible information about market developments is also key to compete effectively in global markets."
Agriculture and Rural Development Commissioner Phil Hogan stated: "Strengthening the position of farmers in the food supply chain has been a priority for the Commission. Enhancing market transparency will allow equal access to and greater clarity...

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