Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-01-15-Speech-2-280"

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"The price of food fluctuates because of the seasonal character of agricultural production. Those fluctuations are not completely passed on to consumers because the cost of raw materials has, until recently, been decreasing and because of warehousing technologies catering for those seasonal shortages. Recently, more systematic food price increases seem to be taking place, and the principal reason seems to be growing demand from emerging large economies, like China and India. We have already discussed the fact that in India last year there were five million more people with a new diet that is based much more on milk, milk products and meat. Last summer the situation worsened owing to adverse climatic conditions in many producing regions, and this has been the main reason for the exceptionally high increase in food prices in the European Union since September 2007. The Commission and the national competition authorities are carefully monitoring the market. Anti-competitive practices have been discovered in the dairy sector in the United Kingdom and in Greece, and fines have been imposed on firms involved in those anti-competitive practices. I feel that, if the Latvian national authorities have been informed, then they will be working on the case you mention, especially as it is high on the public agenda. What we really need is a sectoral investigation to see whether there is any kind of cartel behind it, which has already happened in two EU countries."@en1

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