October 21, 2022
Stories this photo appears in:
Super Value’s principal yesterday disclosed Price Control “backed off” seizing vast quantities of product when warned of pre-Christmas store shutdowns, telling the Government: “We don’t want war, and you don’t want war.”
Negotiations with the Government over expanding price controls on the Bahamian food distribution industry have gone silent for more than two weeks much to the sector’s relief.
Food retailers and wholesalers were yesterday said to be hoping to seal a “win, win win” and “peaceful resolution” to their price control dispute with the Government when they meet three senior Cabinet ministers tomorrow morning.
Bahamian food stores yesterday said they “expect” the Government to extend tomorrow’s deadline to implement the major price control regime expansion if both parties are unable to reach agreement by then.
Bahamian food retailers have proposed a joint venture with the Ministry of Social Services where they will provide a 10 per cent ‘free’ food top-up targeted at “the most vulnerable among our Bahamian brothers and sisters”.
RETAILERS have been granted an extension to next Friday for the adoption of new price controls, amid the government’s decision to expand its list of price-controlled items.