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…
Oligopoly in cooking oil sector keeps prices high
Zimbabwe, along with Malawi and Zambia, primarily relies on soybean crushing for vegetable oil production.