It is not because the prices for raw materials are now falling sharply on the international market that we can expect an immediate price decrease in the stores. “That will probably take a while,” says Wim Van Edom of trade federation Comeos. “We are at the end of the chain. This is about international food prices, which are paid by producers who purchase raw materials. Before those processed products are in the supermarket, we are a bit further.”
“We have seen international food prices rise very strongly in recent months, now we are seeing a decline. The market will not normalize until those fluctuations get smaller. Moreover, we are coming from record highs. Although there is now a decrease, prices are for grain and dairy is still significantly higher than in July last year.”
Van Edom also points out that it is not only the raw material prices that play a role in the pricing of a finished product. “Energy and transport costs have also increased enormously in recent months. These also have an impact on the price.”
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