Price of Rewa Butter increases from today

Price of Rewa Butter increases from today

By Alipate Narawa
Saturday 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
FWRM report urges Govt to place greater emphasis on outreach regarding menopause
The Fiji Women’s Rights Movement urges the government to place greater emphasis on outreach regarding menopause, and the Ministry of Education, Mini...
14 hours ago
LATEST NEWS
Watch 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 ...
9 hours ago

1 passenger and 3 Fiji Airways crew members injured due to severe turbulence
One passenger and three cabin crew members on Fiji Airways flight FJ910, travelling from Sydney to Nadi, sustained minor injuries after experiencing ...
10 hours ago

Breaking the silence : Addressing menopause and reproductive health in Fiji
The new research aims to highlight issues such as menopause, which have not been significantly discussed in open spaces. Fiji Women’s Rights ...
14 hours ago

Dr Nakarawa challenges legality of suspension and takes legal steps
Suspended Corrections Commissioner Dr Jalesi Nakarawa has instructed his legal counsel to address his concerns to the President, Ratu Naiqama ...
15 hours ago

Rosie Holidays invests $1.5M in getting Fiji’s first electric coaches
Fiji’s iconic tourism and hospitality company, The Rosie Travel Group, has purchased Fiji’s first-ever fleet of electric tourist ...
15 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
Reverend Tugi on fijivillage Straight Talk With Vijay Narayan
Watch the General Secretary of Fiji Evangelical Fellowship, Reverend Simione Tugi on fijivillage Straight Talk With Vijay ...
35 days ago

fijivillage Straight Talk with Vijay Narayan and William Parkinson
Chairman of Communications Fiji Limited, parent company of FM96, LegendFM, VitiFM, Navtarang, Radio Sargam, fijivillage and PNGFM, William Parkinson ...
36 days ago

fijivillage Straight Talk with Vijay Narayan and Adi Tulia Nacola
The candid interview focuses on Nacola, coming from a chiefly family and being a daughter of a Minister who was ousted in the 1987 military coup, her ...
36 days ago

TOP