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OpinionLetters

Letters to the Editor, December 28, 2012

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Letters

I strongly agree with those who argue that that the government should open up the fresh beef market to competition ("Inquiry into monopoly's effect on beef prices", December 17).

The present arrangement affects all Hong Kong citizens and beef retailers.

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Most families regularly eat beef at home and in restaurants and so rising prices have a huge effect on them.

At the moment there is only one importer of mainland beef in Hong Kong, Ng Fung Hong. It therefore has sole control of prices.

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If it keeps increasing them to raise its profits, then Hong Kong consumers have to pay more for the product. The company can make all kinds of excuses for price hikes and there is nothing anyone can do.

All consumers are suffering as a result of this monopoly. The government should ensure there is competition in the market.

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