Staple food shortages in Hungarian Lidl supermarkets?
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The Hungarian Government has recently stated that the price cap period would last until 1 July. Fear in the general public arose: customers worry that they will not be able to buy basic staple food items in their local supermarkets due to retailers buying up price-capped products. Read below for more details.
According to Portfolio, retailers have already caused significant staple food shortages in Hungarian supermarkets since they purchase price-capped items – such as sugar, vegetable oil, and chicken breasts – in large bulks. This practice consequently caused a disruption in the shipping process of such food items. One solution proposed by an insider is that supermarkets introduce a double pricing system – one that allows contractors to reclaim the 27% tax on the price-capped products, such is the case at petrol stations – but it is a complicated process that would require a lot of work.
Lidl chains in Hungary will take drastic measures against wholesalers. Soon, Lidl will not allow such customers to purchase price-capped products in their stores.
Governments – are SERVANTS of the PEOPLE.
The Hungarian Government need to display a bit of HARD backbone – and put an end to this activity,
SERVE – the PEOPLE.
S//t happens when you start ignoring market pricing and resort to artificial price caps … And then, when the caps are removed, all hell breaks loose. Lots of uncontrollable, unintended shock effects. Surely, our politicians will find someone to blame for this!