4 ms·
It's what happens when there is a de facto monopsony. Farmers can sell goods for whatever the supermarkets demand, or their produce can rot.
by Veen 4y ago
It's what happens when there is a de facto monopsony. Farmers can sell goods for whatever the supermarkets demand, or their produce can rot.
- klondike_klive 4y agoUnfortunately it's often both - farmers have to grow way more than they need to make sure there's enough to meet supermarket demand after adverse weather, pests etc.
- lotsofpulp 4y agoIs there a monopsony in the UK? It seems like there are at least 6 or 7 supermarket companies in the UK, presumably they are not all buying from farmers as 1 entity? https://en.wikipedia.org/wiki/List_of_supermarket_chains_in_the_United_Kingdom https://en.wikipedia.org/wiki/List_of_supermarket_chains_in_...
- orwin 4y agoI don't know about UK, but in mainland Europe our supermarket chain created Alidis (ex-Agecore). And are in a monopsony situation, effectively, and strongarmed Nestlé into accepting their demands. I don't know why it isn't regulated yet.