Major Food Importer Denies Claims of Price Gouging, Market Manipulation
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Major food importer Francis Busuttil & Sons denies claims by MEP Alex Agius Saliba that it controls food prices and takes advantage of its market position
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The company calls out Agius Saliba for making "unsubstantiated claims" and invites him to engage with them directly
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Francis Busuttil & Sons says it does not dictate market prices but works to get the best deals from suppliers to offer consumers competitive pricing
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The company refutes allegations that it distinguishes its imported products with stickers or ignores legal requirements
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External factors like supply chain issues, weather events, and new EU regulations are driving up costs, forcing adjustments in pricing