The Fijian Competition and Consumer Commission (FCCC) is dedicated to safeguarding consumer interests and has pledged to tackle corporate greed that takes advantage of Fijians in light of increasing living expenses.
FCCC CEO Joel Abraham emphasized their commitment to taking action against those who undermine consumer rights. “We will not allow corporate greed to compromise consumer welfare,” Mr. Abraham stated, highlighting ongoing market monitoring and regulatory efforts aimed at ensuring fair pricing.
The FCCC is ramping up its initiatives to protect consumers through a market inquiry into pricing practices, particularly focusing on essential goods and services. The organization has expressed particular concern about the rising prices in the food sector, which have put pressure on households.
“Making excessive profits at the expense of our people is morally wrong and shouldn’t be tolerated,” he added. To facilitate this process, the FCCC is working with various stakeholders to develop market-based solutions and encourage competition.
Recent negotiations with FMF Foods Ltd have already led to notable price reductions for essential items, including soybean oil and milk powder. Additionally, the FCCC plans to implement price controls on ghee, an important product for festive occasions, following significant price hikes in recent months.
The organization is also set to launch its first-ever competition case aimed at addressing anti-competitive practices within the supermarket industry. Mr. Abraham noted that this initiative marks a shift toward proactive enforcement designed to create competitive markets, ultimately benefiting consumers through improved prices and services.