Tag: food inflation
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Profitability and profits of major food importer Francis Busuttil & Sons (Marketing) shot up in 2022
Apart from Alf Mizzi & Sons, Malta’s major food importer that has monopoly power in the food distribution market is Francis Busuttil & Sons who have been in the food importation business since the early 19th century. Recently, Labour MEP Alex Agius Saliba made an official complaint to the EU Commission alleging that major Maltese…
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Profits and revenues of major food importer and distributor M&Z soared in 2022
Among the large food importers and distributors in Malta that have monopoly power in a very small market is M&Z which is on the Malta Stock Exchange (MZ) and its biggest shareholders are Paul Camilleri and Thomas Agius-Vadala. The company’s revenue soared by 24% in 2022 from 2021 reaching levels even higher than 2019 –…
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Food inflation is still going strong in Malta at 10%
Food inflation is still strong in Malta with the Harmonised Index of Consumer Prices giving a 5.6% increase in prices during the month of July and food prices going up by 10% as compared with last year. Also, I hope that politicians do understand the meaning of these statistics. Inflation is slowing down, but there…
