Oireachtas Joint and Select Committees

Tuesday, 16 July 2013

Joint Oireachtas Committee on Agriculture, Food and the Marine

Groceries Sector: Discussion with the Competition Authority and the National Consumer Agency

2:45 pm

Photo of Tom BarryTom Barry (Cork East, Fine Gael) | Oireachtas source

I apologise, I was not very clear. My point was that when farmers were getting 26 cent per litre the branded product was selling for €1.49 for 2 litres. However, when the price to farmers collapsed to 19 cent per litre, at a time when they were losing their shirts, the price to the consumer did not, as it should have, drop to approximately €1 per 2 litres. The multiples did not pass on that saving to consumers. They certainly did not pay it back to distressed suppliers in a spirit of sharing the burden. They were happy to pocket the difference, to the satisfaction of their shareholders.

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