There is likely little concern for any lasting effects from the pandemic’s initial impact on the market, at least for the products considered by the South Africa Competition Commission in its second quarterly report on Essential Food Pricing, reported The Citizen.
The first two reports seem to suggest that all food products showing a pricing spike also showed prices easing afterwards, although the COVID-19 pandemic came with some “short-term pricing effects at a wholesale level, particularly on essential food products.”
Data from the Johannesburg fresh produce market and StatsSA suggest little concern for any lasting pricing effects from the pandemic’s initial impact on the market, but there is some concern about retailers and retail markets.
The Commission’s analysis indicates that the margins retailers earned on the producer price have increased substantially during lockdown almost entirely due to increases in retail prices, at least for more essential products such as potatoes and onions.
Full Content: Citizen
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI