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22 May, 2024
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Meet ''e-kofini'', a tool to lift veil on food prices

Ministry unveils tool for price clarity with e-kofini

Maria Eracleous

Maria Eracleous

The Ministry of Agriculture is gearing up to unveil a cutting-edge digital tool aimed at bringing greater transparency to the often murky world of agricultural product pricing.

Led by Minister Maria Panagiotou, the initiative, dubbed e-kofini, promises to revolutionize how consumers understand the costs behind their groceries. Serving as a precursor to the EU Observatory slated for future rollout, e-kofini seeks to bridge the gap between producers and consumers by providing real-time insights into product pricing.

Inspired by the proactive pricing disclosures of the agricultural organization SEDIGEP Sotiras, the Ministry aims to emulate their approach while refining it for broader application. Though the exact lineup of featured products is still under wraps, it's expected to encompass a diverse array of fruits and vegetables, mirroring consumer preferences.

With its user-friendly interface and comprehensive data sets, e-kofini isn't just about numbers—it's about empowerment. Consumers will gain unprecedented visibility into the entire supply chain, from farm to market, enabling them to make more informed purchasing decisions. This move has garnered widespread acclaim from consumer advocates like Mario Drousiotis, President of the Cyprus Consumers Association, who lauded it as a long-overdue step towards market transparency.

Contrary to misconceptions, e-kofini isn't a mere observer—it's a proactive participant in reshaping market dynamics. By collating existing data and presenting it in a digestible format, the Ministry aims to foster a culture of accountability and fair pricing practices. Despite potential pushback from entrenched interests, Minister Panagiotou remains steadfast in her commitment to championing consumer rights and leveling the playing field.

Behind the scenes, the wheels are already in motion. Following the successful passage of legislation in Parliament, the Consumer Protection Service is spearheading the development and implementation of the e-kofini platform, slated for completion by year's end. The ongoing tender process for platform installation underscores the government's dedication to delivering tangible results for its citizens.

As the countdown begins, anticipation is building. With e-kofini poised to revolutionize how we interact with the agricultural market, one thing is clear: transparency is no longer a luxury—it's a necessity. And with each keystroke, the Ministry of Agriculture is paving the way towards a brighter, more equitable future for all.

[This article was translated from its Greek original]

Cyprus  |  prices  |  food

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