Competition policy – annual report 2023

Tabled by Martin Schirdewan, Manon Aubry, Dimitrios Papadimoulis, Konstantinos Arvanitis, Elena Kountoura

Added: 7a. Is deeply concerned about the current food price crisis and the high levels of market concentration and financial ownership in food supply chains, which may hamper competition and facilitate concerted unfair price increases; highlights the fact that the three largest asset management companies – BlackRock, the Vanguard Group and Fidelity Investments – are among the top 10 shareholders in almost all listed food companies; calls for a thorough sectoral investigation into market power and financial ownership in EU food supply chains and the implementation of structural remedies; calls for a revision of EU competition law to align its enforcement with the objective that corporate behaviour must respect the fundamental right of consumers to affordable food;

Wording as published by the EP, in English. PE756.725