Price of Rewa Butter increases from today

Price of Rewa Butter increases from today

By Alipate Narawa
27/07/2024
Rewa Butter

Prepare to pay more for Rewa Butter from today as the procurement cost has increased by about 20 percent.

The Fijian Competition and Consumer Commission has determined the new retail prices for Rewa Butter, effective from today as a result of the price review of Rewa Butter undertaken by FCCC based on submissions received by the importer, following an average increase in the landing cost of bulk raw butter by 10 percent, when compared to its last assessment last month.

The FCCC says as a part of this price review, a quarter pound or 125g now costs 30 cents more at $3.51 with the 250g increasing by 9 percent to $7 while the 500g is now $13.94.

They say it is important to recognize that the local butter prices are influenced by procurement costs such as the cost of imported raw materials.

FCCC says in this assessment, the procurement costs had increased on average by 20 percent.

They say based on recent submissions received, the current trade trends indicate an upward growth in the global butter and milk markets for New Zealand and Australia, as they are our main sources of import.

FCCC says these increases are reflected in the recent submissions made by the importers which FCCC has been closely reviewing.

FEATURE NEWS
Bainimarama cleared after another FICAC investigation
FICAC has again cleared former Prime Minister, Voreqe Bainimarama regarding an investigation into the validity of Bainimarama’s position as Party Le...
13 hours ago
LATEST NEWS
FICAC does not have jurisdiction to deal with Aseri Radrodro complaint
FICAC confirms that it does not have jurisdiction to investigate matters related to employment decisions, such as terminations and recruitments ...
13 hours ago

It is heartbreaking to lose our own to domestic violence – PSC Chairman
Chairman of the Public Service Commission, Luke Rokovada has strongly condemned the tragic death of Sainimere Tuinasakea, a dedicated civil servant ...
13 hours ago

Top Gun: Maverick studio sued by screenwriter's cousin who claims he wrote 'key scenes' that made sequel a 'smash hit'
A cousin of Top Gun: Maverick screenwriter Eric Singer is suing Paramount Pictures, claiming he wrote scenes for the Oscar-winning film but was never ...
14 hours ago

Plan to have local govt elections by year end - Nalumisa
Minister for Local Government Maciu Nalumisa says the plan is to have the local government elections by the end of this year. He says the timeline ...
14 hours ago

Workplace stress is killing people – Goundar
Stress is a silent killer in the workplace, yet it is rarely recognised as a hazard, and stress-related conditions and non-communicable diseases ...
14 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Tevita Ikanivere on fijivillage Straight Talk With Vijay Narayan
The show focuses on Ikanivere’s journey, his family, career and how far the Drua has ...
8 days ago

Daniel Fatiaki and Professor Narsey on fijivillage Straight Talk With Vijay Narayan
Chair of the Electoral Reform Commission and former Chief Justice, Daniel Fatiaki and Electoral Reform Commissioner and economist, Professor Wadan ...
8 days ago

Top Interventional Cardiologist Dr Kapadia on fijivillage Straight Talk With Vijay Narayan
The show will focus on health services in the country. The former Marist Brothers Primary and High School student who has been practising medicine ...
23 days ago

TOP