By Le Figaro with AFP
These negotiations between supermarkets and manufacturers must conclude on January 15 for companies with an annual turnover of less than 350 million euros, and on January 31 for others.
Anticipated price drops on shelves? Deputies and senators agreed on Monday on the timetable for the progress of commercial negotiations between supermarkets and manufacturers for 2024 during a joint joint committee on the so-called “anti-inflation” billaccording to a Senate press release.
These must conclude on January 15 for companies with an annual turnover of less than 350 million euros, and on January 31 for others. This calendarsuits us well because it will allow us to quickly obtain substantial price reductions, from January 15», promised the office of the Minister Delegate in charge of Small and Medium Enterprises Olivia Grégoire during a telephone briefing to the press. “Every day gained in these negotiations is a day gained for the French wallets», she congratulated herself in a message posted on X (formerly Twitter).
“The aim of this law is to anticipate in January the impact of falls in the price of raw materials which would otherwise only have been reflected in March.», According to a press release from the Ministry of the Economy. “Numerous declines continue and must be ped on to the consumer: for example this month, the prices of soft wheat, durum wheat, sunflower, corn and seed are, on average, significantly lower than those of November 2022. There will therefore be price reductions“, further indicates the press release. L’food inflation fell to 7.7% in October, compared to 9.7% in September or 15.9% last March, according to Bercy.
Definitively adopted within a week
Annual commercial negotiations between manufacturers and distributors usually conclude on March 1, but the government has decided to bring them forward, hoping to p on reductions in the cost of certain raw materials more quickly in store prices. They make it possible to set the conditions (purchase price, shelf space, promotional calendar, etc.) under which supermarkets will obtain supplies for the entire year from their agro-industrial suppliers.
On October 26, the Senate voted in favor of moving forward with these negotiations but with a timetable slightly postponed compared to that voted by the deputies. While the National embly had adopted a deadline for negotiations of December 31 for companies with an annual turnover of less than 350 million euros and January 15 for others, the senators wanted to delay the timetable for two weeks, respectively on January 15 and 31. The Senate is expected to adopt this bill on Thursday, the National embly on November 14.