2 May 2022, 08:48

Dominic Grant calls for review into Selling Cooperatives and law to freeze the minimum prices temporarily
The Treasury Minister Dominic Grant has called for a review into Selling Cooperatives to see if they need more regulation after accusations they are acting as cartels. The Price selling Cooperatives announced the second Minimum Selling Price increase taking the price of crops from Duchies up to 60% above 2021 levels. Experts estimate costs have gone up only 15% from 2021.

Dominic Grant said "We need to review whether these Selling Cooperatives have too much power and need regulating.While we recognise the importantance of protecting small businesses and farmers from the exploitation of big businesses who may seek to use their scale to bully them there must be balance. I think this may be broken."

He suggested the idea of regulating the Selling Cooperatives to allow them to increase minimum prices for crops by inflation of costs plus 5% to protect the farmers while also ensuring they cannot just use the power to exploit the market. The idea has been backed by many in the UoD and Moderates as well as Liberals with the PSD and The Left opposing calling it "An attack on producers to protect big businesses." Public records of the votes in the Selling Cooperatives show that the votes for the price increases were backed by only 52% on a turn out of 27% .