>Indeed, it appears that food companies enjoy high margins. In a recent study on profits in the food sector, Olivier Malay , economist at Université Catholique de Louvain (UCL), concludes that the manufacturing industry has increased its profits by 33.2% between 2021 and 2022. For large food companies, this is even about 78%. Supermarkets, on the other hand, did not make exceptional profits in the same period.Profiteering for producers
Indeed, it appears that food companies enjoy high margins. In a recent study on profits in the food sector, Olivier Malay , economist at Université Catholique de Louvain (UCL), concludes that the manufacturing industry has increased its profits by 33.2% between 2021 and 2022. For large food companies, this
is even about 78%. Supermarkets, on the other hand, did not make exceptional profits in the same period.
It seems that this time, the high prices is more a responsibility of the food industry rather than in supermarkets.
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>Profiteering for producers
>Indeed, it appears that food companies enjoy high margins. In a recent study on profits in the food sector, Olivier Malay , economist at Université Catholique de Louvain (UCL), concludes that the manufacturing industry has increased its profits by 33.2% between 2021 and 2022. For large food companies, this is even about 78%. Supermarkets, on the other hand, did not make exceptional profits in the same period.Profiteering for producers
Indeed, it appears that food companies enjoy high margins. In a recent study on profits in the food sector, Olivier Malay , economist at Université Catholique de Louvain (UCL), concludes that the manufacturing industry has increased its profits by 33.2% between 2021 and 2022. For large food companies, this
is even about 78%. Supermarkets, on the other hand, did not make exceptional profits in the same period.
It seems that this time, the high prices is more a responsibility of the food industry rather than in supermarkets.