A guest on BFMTV on Tuesday night, the President and CEO of System U once again expressed his concern about the increase in the price of food products in the coming weeks.
Negotiations throughout the year
The president of this large distribution group then questioned a “French exception”: the period of commercial negotiations between manufacturers and distributors.
However, for some time now, energy and most raw materials have returned to pre-war levels in Ukraine. Manufacturers negotiated rate increases this winter that appear out of step with how their production costs are evolving.
It is this discrepancy that Dominique Schelcher deplored, who called on our antenna for the “reopening of the negotiations”. This Tuesday morning, the Minister of the Economy Bruno Le Maire gave the same speech on BFMTV. He said that if these negotiations have not resumed by the end of May, he will summon everyone to Bercy.
Sunflower, wheat and coffee in decline?
These new negotiations should therefore lower the price of certain products. For example, Fruit d’Or sunflower oil was up 33% year-on-year in March, while the price of sunflower was down 55% in the same period.
As for the biscuit section, prices have increased by an average of 15% in one year, while the price of wheat has fallen by 40%. Same for coffee. According to data from FC Markets, cited by the specialist Oliviers Dauvers, the price of Arabica has fallen by 16% in one year while packages have risen between 25 and 29%.
However, the price of certain products will continue to rise in the coming weeks even if trade negotiations are resumed because they are suffering from a price rise, such as sugar.
Source: BFM TV
