Oligopoly in cooking oil sector keeps prices high

Zimbabwe, along with Malawi and Zambia, primarily relies on soybean crushing for vegetable oil production.

ONLY three companies account for nearly 70 percent of Zimbabwe’s cooking oil production, resulting in high price-setting despite a significant decline in input costs, the Common Market for Eastern and Southern Africa (COMESA) Competition Commission has noted.The situation has created an oligopoly in the industry, which is a state of limited competition, in which a…

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