Explainer-Why is France struggling to lower supermarket prices?
© Reuters. FILE PHOTO: The fruit section is seen at a Carrefour hypermarket in Nice, France, April 6, 2016. REUTERS/Eric Gaillard/File Photo
Le Maire said in June he had secured a pledge from 75 top food companies to cut prices on hundreds of products from July to reflect lower raw material costs. But a junior minister said last month that only about 40 had made good on their promise. On Wednesday, the boss of supermarket group Les Mousquetaires said this meant prices would not fall significantly until March next year, and called for negotiations between retailers and industrial groups to be held more frequently to reflect changes in the economic situation.France adopted so-called EGAlim legislation in 2018, during President Emmanuel Macron's first term, with the aim of increasing farmers' income.
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