Food prices remain high because there’s little to no competition

Avalon - Food prices remain high because there’s little to no competition across the entire food supply chain. This has allowed big corporations to engage in a price gouging free-for-all. Four companies control most food industries, allowing them to coordinate prices instead of compete on the basis of lower prices. Fuel costs remain high because the energy sector is dominated by a handful of giant corporations that are keeping prices high. In 2019 (the most recent year for which we have good data), more than two-thirds of all energy was produced by six giant global corporations.