Supervalue 'hedges bets' on energy, food rises

Tue, Jan 11th 2011, 01:00 PM

Supervalue is dusting off plans to bulk purchase in advance in a bid to head off escalating food prices expected to hit later this year, its president and owner also expressing fears that energy prices might "double" during 2011.

With commodity price increases an emerging threat that might knock any Bahamian economic recovery off course, Rupert Roberts told Tribune Business that the grocery chain would employ the methods it used in 2008 to try and protect the Bahamian consumer from impending food price increases.

Noting that staples such as cooking oil and tuna appeared to be rising once again, Mr Roberts told Tribune Business he had informed his ...

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