Fianna Fáil Agriculture Spokesperson Michael Moynihan has repeated his calls for legislation to ban unfair practices in the retail sector in light of the overnight takeover of Superquinn by Musgraves.

 

Deputy Moynihan said: “We now have a situation where just three companies control approximately three quarters of the grocery market in this country. As multiples become more powerful, it is clear that we need to take legislative action to protect suppliers who are fearful that they will be squeezed out due to a lack of real competition.

 

“In April, Fianna Fáil put forward a Private Members Motion calling on the Government to support growth in the agriculture and agri-food sectors. As part of this motion, we called on the Government to introduce fair trade legislation to establish a mandatory code of practice governing the relationship between retailers and suppliers. This type legislation is long overdue and has been promised in the Programme for Government.

 

“The Superquinn takeover this week further highlights the need for a balanced relationship between the various players in the grocery goods sector, particularly given the importance of this sector to the national economy.  I will continue to push the Minister for Agriculture Simon Coveney and the Minister for Enterprise Richard Bruton to honour their commitment in the Programme for Government to introduce fair trade legislation  The farming community should not have to wait any longer for a legislative framework to stop powerful multiples from driving down prices for consumers.”