Yuh need a commission of inquiry to tell you the reasons we have high food prices? After they done pull up the irrigation from the farmers down in wallerfield not to mention the pile of rock on the abandoned roadworks from Arima on part of the IDB Loan OC932-TT for US$300 Million to be repaid over the next 20 years by we, the citizens.
Anyway a commission of inquiry don't have no teeth. If they was serious they would establish the fair trade commission for the act that was passed in 2006 that could impose a fine of 10% of a company's turnover if it is found to be engaged in price fixing.
Steupz.
Edited 24 Feb 08.
Trini Girl Blue please see quote page 22 paragraph 5 of the "Food Prices and Food Security in Trinidad and Tobago" report by the FAO in September 2007.
"In certain commodity markets, scope for gaining significant profit by exercising market control has materialised into oligopolistic behaviour of wholesalers."This is my point. They ALREADY KNOW what is causing the high food prices and REFUSE to do anything about it.
2 comments:
If you think they're high now, imagine what would happen when they take away the gas subsidy. All things are connected
As much as the government is responsible for the wage push inflation we are experiencing, that was not the point of my post.
There are a few major food importers in this country and isn't it strange that all the prices are in the same margin.
The fact is that it operates as a n oligopoly. The Fair Trade Act of 2006 gives the government a tool to regulate collusion.
They chose not to. Who profits? Who suffers?
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