France warns big food firms over bloated profits as wholesale price pressures ease

French Finance Minister Bruno Le Maire said large food companies are continuing to boost their profits.

French Finance Minister Bruno Le Maire said large food companies are continuing to boost their profits margins and called on them to renegotiate with retailers in the coming weeks to pass on lower costs or face tougher measures from the French government.

“Today, we’re seeing wheat prices come down and shipping costs drop,” Mr Le Maire said “I’d like to see that in shopping baskets, too.”