Oireachtas Joint and Select Committees
Thursday, 18 April 2013
Joint Oireachtas Committee on Agriculture, Food and the Marine
Groceries Sector: Discussion (Resumed)
10:30 am
Mr. Niall O'Connor:
We will sustain supply for our customers and we have countless examples of suppliers approaching us on such matters. The environment is very cost-inflationary and has been for quite some time. We have countless examples of suppliers telling us that the raw material price has gone up and that they cannot continue to supply us unless we pay them more. At that point, we sit down with them and go through the details. That might happen in the middle of the annual tender process. We sit down with the suppliers, assess how the costs are made up and then agree a new cost price. That might happen after three or six months or after a full year.
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