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TMCNet:  Lamb more expensive but chicken cheaper this year [Cyprus Mail]

[December 21, 2013]

Lamb more expensive but chicken cheaper this year [Cyprus Mail]

(Cyprus Mail Via Acquire Media NewsEdge) By Constantinos Psillides Only lamb prices have increased over last year, while chicken prices have fallen slightly, according to the latest surveys.

Figures released by the Competition and Consumer Protection Service (CCSP) showed that domestic lamb had gone up 2.8 per cent on average, from €8 per kilo in 2012 to €8.22 in 2013.

Chicken prices took a relative dive, with a decrease of 3.9 per cent. A kilo of chicken fillet was being sold at an average of €9.11 in 2013, compared with €9.48 in 2012.

Prices remained largely the same across the board regarding all the other types of meat, with an increase/decrease inside the 1.0 per cent margin.

The Competition and Consumer Protection Service market research was conducted on December 16 and 17.

Asked by the Cyprus Mail on the subject of meat pricing in 2013, Marios Drousiotis from the CCPS said the agency was doing its best to protect consumers by monitoring the market but it could not interfere.

"This is a free market economy. Prices are dictated by the laws of supply and demand. As a government body we cannot intervene. What we can do is to protect consumers from false advertising and provide them with the prices average so they won't get fooled", said Drousiotis.

According to the CCPS official, last May the agency fined a certain supermarket €10,000 for false advertising. The supermarket had a 'buy one get one free' offer on some of its products but had doubled the price.

"There are other cases like this one. Usually the supermarket raises the price on products that are on sale but we have a limit. When they exceed that limit, we step in," said Drousiotis.

The CCSP has handed out fines in a variety of cases regarding food safety violations. A company was fined for falsely labeling their imported honey as domestic while a vinegar producer was fined after it was discovered that his vinegar didn't came from grapes, as the label suggested.

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