The price for Rewa Butter will see a significant reduction from today.

The Fijian Competition and Consumer Commission undertook a review in the price of Rewa Butter following a 19 percent decrease in landing cost of bulk raw butter when compared to its last assessment.

125 grams Rewa Butter will retail at $2.80 cents, the 250 grams rewa butter will cost $5.40, a decrease of $1.09 and 500 grams will cost $10.60 cents.

FCCC says it is important to recognize that local prices are significantly influenced by procurement costs, such as the cost of imported raw materials.

As such, pricing determinations are based on a thorough consideration of market factors, including global commodity prices and supplier’s procurement costs based on freight rates, currency exchange rates and so on.

These price reduction represent a significant stride in enhancing the affordability of butter for Fijian families and reflect the FCCC’s commitment to ensuring that market changes benefit consumers, fostering overall community well-being.

FCCC’s vigilant monitoring of local market fluctuations and prompt implementation of necessary price adjustments remains pivotal in alleviating cost-of-living concerns and ensuring long term market sustainability.