Fiji Consumers Warned of Upcoming Increases in Butter and Milk Prices

Effective from Saturday, butter prices have risen by nine percent across the board. This follows a previous increase on June 4, when prices were adjusted as follows: a 125g pack went from $2.80 to $3.21, a 250g pack from $5.40 to $6.41, and a 500g pack from $10.60 to $12.73. The latest adjustments have further increased prices to $3.51 for 125g (an increase of 71 cents from early last month), $7 for 250g (up $1.60), and $13.94 for 500g (up $3.34 in less than two months).

The FCCC is closely monitoring these developments and is committed to ensuring fair pricing practices in Fiji. Efforts are being made to mitigate the impact on consumers while maintaining the supply of essential items like butter and powdered milk.

"Consumers are advised to remain vigilant and budget accordingly for potential price increases in butter and powdered milk," the FCCC stated. "We encourage consumers to explore alternative products and brands that may offer better value for money during this period of price volatility."

Butter and powdered milk, being essential food items, are subject to price control under section 44 of the FCCC Act 2010 and the Fijian Competition and Consumer Commission (Price Control) (Food Item Prices) Order 2021.

These price hikes are a result of the latest price review of Rewa Butter by the FCCC, based on submissions from the importer. The average landing cost of bulk raw butter has increased by 10 percent compared to the previous month’s assessment.

FCCC remains committed to monitoring the situation and ensuring that any necessary price adjustments are made with the least possible impact on consumers.