A committee is to examine how profits and risks are shared from “farm to fork”. Read more at straitstimes.com.
LONDON - British lawmakers launched an investigation on Friday into the fairness of the country’s food supply chain.the highest levels of food price inflation since the 1970s.
“When many people are struggling to give their families good food at a reasonable price, it’s our job as a committee to get to the bottom of what’s going on,” Mr Robert Goodwill, chair of the EFRA Committee and a lawmaker from the ruling Conservative Party, said. In Britain, the smaller opposition Liberal Democrats party has called for the government to investigate supermarkets’ profits.They say they have taken a hit to earnings and have operating margins of 4 per cent or less, while major consumer goods firms such as Unilever and Nestle have margins of 16-17 per cent.
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