Subscribe for notification
Categories: Consumer Affairs

WHY YOU WILL PAY MORE FOR FOOD

FOOD prices are going up and up. 

And your groceries would continue to cost you more – for these reasons. 

Local food importers are having difficulties in securing their quotas of foreign exchange and they are paying more on the black market. 

The increased cost of foreign currency is being passed onto consumers. 

Supply chain disruptions caused by the Covid-19 pandemic are leading to higher shipping costs and related charges. 

Again, consumers are paying the bill. 

Shortages in production of grain and other food items are leading to hoarding by producing countries, and, therefore, supply-and-demand issues are jacking up costs. 

It is expected that food producers would not increase output to cater for demand until, at best, the end of the year. 

Rising international gas prices are also influencing sale prices of several food items. 

Agricultural labour costs have also gone up in some countries, while others are facing shortages of farm workers.  

Social distancing protocol caused employers to seek to hire more workers.  

Local grocer Balliram Maharaj has acknowledged that prices of several food items are rising 

Maharaj said that market forces could help to suppress prices, stating: “We have the power in our picket,” 

He said he has written to Trade and Industry Minister Paula Gopee-Scoon on the matter.

CounterPunchTT

CounterPunchTT - What The Media Won’t Tell You!

Recent Posts

PM CHANGES TUNE ON $M COST OVERRUNS

PRIME Minister Dr. Keith Rowley, who is playing down reports of a $431 million cost…

2 weeks ago

EXPERTS SLAM ROWLEY’S MEETING WITH US DEMOCRATS

THE local diplomatic community is still stunned that Prime Minister Dr. Keith Rowley held talks…

2 weeks ago

PM’S SALARY HIKE OBSCENE, SHAMELESS

IT’S happening before our eyes. Attorney Gilbert Peterson pocketed almost $9 million with respect to…

3 weeks ago

ROWLEY TOLD OF VENE GANGS IN T&T

PRIME Minister Dr. Keith Rowley was informed months ago that notorious Venezuelan gangs were carrying…

3 weeks ago

WHY INDIA IS BYPASSING T&T

THE governments of Guyana, Barbados and Dominica last week gave Indian Prime Minister Narendra Modi…

3 weeks ago

HINDS WAS PUSHED

LAVENTILLE West PNM party group and constituency officials are convinced that Fitzgerald Hinds was pushed…

3 weeks ago