Government to Monitor Distributive Trade

• Minister of State in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. Floyd Green, says the National Compliance Regulatory Authority and the Consumer Affairs Commission will be increasing visits to supermarkets and to other entities within the distributive trade, to ensure that prices for goods are stable.
• “We are and will continue to monitor trade. We have a taskforce here and we will continue to keep track of the situation and increase our visits to supermarkets. We are going to pay keen attention to prices,” he said.
• “Right now, oil prices are falling, which we anticipate will have a positive impact on most of our companies and retailers in terms of pricing. Pricing has to be balanced. We will be keeping a check on what is happening and we will be providing regular updates to the country,” the State Minister said.
• “The Government, as well as members of the private sector, are taking the potential impact of COVID-19 seriously and are putting the necessary measures in place to protect the country’s food supplies,” he added. Emphasis will be placed on the priority sectors of manufacturing and agriculture/agribusiness as well as the emerging industries of medical cannabis, hemp and bamboo.

(Source: JIS)