The Fair Trading Commission is concerned about what is being described as the unfortunate and significant increase in prices especially that of staple food items such as wheat flour.
The Commission says it is fully aware of the reported mix of supply and demand conditions both external and internal, which have given rise to the worrisome price increases.
Nevertheless, the Commission is assuring the general public that consistent with the Fair Trading Act, it remains fully committed to closely monitoring the recent increases in prices in order to determine whether increased prices are in any way a result of anti-competitive practices.
It says such practices may include but is not limited to unlawful price fixing, collusion among suppliers and abuses by a monopoly power, each of which may adversely affect the distribution and retail sale of commodities including that of flour.
COMMENTS