Global raw material prices have fallen, but our food will not become cheaper in 2024. And this is why

The international price drops for dairy, grains and oils are far from being reflected in the supermarket, according to Testaankoop. This showed that our supermarket bill in November was still almost ten percent higher than a year earlier. Yet there is no ‘grab inflation’, according to Fevia, the federation of the Belgian food industry. “Our production prices cannot fall.”