Gov't Holds Consultations With Retailers on Mandatory Food Discounts

Retail

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The government has held consultations with big retailers and professional associations on a draft decree that would require larger supermarkets to offer discounts on selected products in a number of categories on a regular basis, the Economic Development Ministry said on Tuesday, according to a report by state news wire MTI.

National Development Minister Márton Nagy and Agriculture Ministry state secretary for the food industry and trade policy Márton Nobilis held two separate meetings with industry insiders to discuss the measure: one with representatives of supermarket chains CBA, Reál, Ecofamily, Áfeosz-Coop and the chief secretary of commerce association MNKSZ; and the other with representatives of Aldi, Auchan, Lidl, Penny, Spar, and Tesco, and the chief secretary of commerce association OKSZ.

The talks were "constructive", the ministry said. The "most important details" regarding the measure were laid down and "do not diverge" from those in the draft decree, it added.

According to the draft decree, the measure would require retailers with annual revenue over HUF 500 million to discount a product of their choice from each of 20 categories, including poultry, milk, bread, fresh fruit, and ready-to-eat meals, by at least 10% from the lowest price in the previous 30 days. The sale products would be offered for seven-day periods from Thursday until Wednesday. Retailers would be required to keep sufficient inventories of the sale products to meet demand.

The measure would be in force from June 1 until September 30.

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