The China Post
Date: October 21, 2016
By: John Liu
TAIPEI, Taiwan — Premier Lin Chuan (林全) yesterday gave the Executive Yuan a mandate to closely
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A consumer strolls in front of refrigerated food in a store on Thursday, Oct. 20. High fruit and vegetable prices have prompted the government to take stronger price-stabilizing actions. (Morgan Lin, the China Post)
monitor consumer goods prices, saying merchants who engage in monopolistic practices or other forms of price manipulation would face prosecution.
In a press conference held Thursday, the Executive Yuan said that although the last typhoon had left Taiwan two weeks ago, fruits and vegetable prices had yet to fall, creating widespread public concern.
Lin described the high prices as a “pressing issue for the public.”
The Council of Agriculture was asked to verify supply and demand in the produce market. Per Lin’s instruction, merchants who hoard stocks with the intent of manipulating market prices will be prosecuted.
The Fair Trade Commission and the Consumer Protection Committee have been tapped with the responsibility of ascertaining the cause of the price disparities. [FULL STORY]
