[ad_1]
Sales of sunflower oil importers for new supplies are blocked. The basket price transparency board for this week kept the selling prices of sunflower oil unchanged at 321 lek per liter, while importers claim that for April the price of oil supplied from Hungary reached 400 lek per liter.
Market players raise concerns that foreign market prices are not being rigorously monitored by the transparency board, arguing that last month’s supplies, which were bought at a cheaper price, are being traded in the domestic market.
“The board is offered online all invoices for new supplies made by operators. For this month new supplies were not taken into consideration, as according to board members the market is trading edible oil purchased since March. “Given that in the period of launching the price increase, consumers created high oil reserves, currently sales have fallen and market demand can be covered by traders’ reserves,” said the board, “said one of the importers in the country.
Keeping the price unchanged has forced importers to block sales, as losses from trading below cost are high. “In Bulgaria the price of oil has reached 380 lek per liter, while in Hungary 400 lek per liter. Supplies from Northern Macedonia have been blocked due to the ban on imports and the creation of reserves for the population. “The board can not take into account the old invoices of any operator and not change the prices, as this is creating losses for other companies that are not packing oil for 1 month”, points out the oil trader who asked to remain anonymous .
Fuel operators are also being harmed by sales below cost. Oil prices of several weeks after the increase over 230 lek per liter are being controlled by the transparency board. Market operators complain that with these interventions, the Board is taking the free market out of the game, depriving companies of the opportunity to mitigate price movements, which depend on many factors such as the daily price, the exchange rate, making businesses not only not to earn, but also to sell below cost.
According to the Association of Hydrocarbon Companies, about 160 points have been closed so far. According to them, it would be more beneficial for the market, if the fixing of prices was lifted and controls were increased to catch abuses that may occur in the market.
Oil supply is endangered
In addition to the high price, the country also risks supplying sunflower oil due to the high drop in supply in foreign markets. Importers explain that there are two ways of securing oil. Supplies from European countries at a very high price, as the supply is very low and supplies that have started from Ukraine at a price of 40 lek cheaper per liter, but which carry the risk of non-arrival of cargo due to the war. Businesses in Ukraine for fear of depletion of their reserves are trying to find export routes in the form of trans-shiping and Romania.In addition to the risk of arrival of supplies, transport tariffs are 2 times higher.
What is happening with food brands
The fixing of trade prices of basket food products by the transparency board has created another concern among traders. According to them, the equalization of prices for all brands is affecting the disappearance of food brands, as in the case of the trade of edible oil. The price of companies that have invested for years in quality and marketing is equaling with brands and products that have entered the Albanian market very late./Monitor
top channel
[ad_2]
Source link
