The federal government should consider policies to tackle “excessive net profits” in the food industry, the House of Commons committee studying food prices said in its latest report.

The committee recommended the government look into ways to address these profits in “monopolistic and oligopolistic sectors in the food supply chain,” which it says are driving up prices for farmers and consumers.

The committee recommendations include lowering the barriers to entry for new companies to Canada, and strengthening competition law regarding mergers{ai:summary}<p>Government urged to address excessive profits in food industry to lower prices for farmers and consumers. #economy</p>

Federal government should address ’excessive’ profits in food sector, committee report says

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