France's move to raise minimum food prices, limit promotionsPARIS (Reuters) - France, the European Union s largest farm producer, plans to raise regulated minimum food prices and limit bargain sales in supermarkets in a bid to increase farmers  income, Prime Minister Edouard Philippe said on Thursday. The move is part of a wider field-to-fork review that closed on Thursday. Farmers, an important constituency in French politics, have long complained of being hit by a price war between retailers, which has benefited consumers but hurt producers down the chain. The measures will be put in place for a trial period of two years, Philippe said. Selling at a loss is forbidden in France.  To determine the minimum level at which retailers are allowed to sell a product, France has set a Resale Below Cost (RBC) threshold. The RBC threshold is currently defined by the product s basic purchase price, minus discounts, plus transport costs to the retailer s warehouse. The government will propose to raise the RBC threshold by 10 percent, Philippe said at the close of the food review.  The aim is to rebalance trade relations for the benefit of farmers  income,  he said when describing the proposal. The rise would include some of the additional costs already supported by retailers, such as the cost of logistics and staff needed to bring products from warehouses to the shelves, food industry group Ania said. This will increase the end-price of all products sold between the current RBC threshold and the new one - but not necessarily more expensive ones. The government will propose limiting discounts on food products to 34 percent of a product s price and to 25 percent of available volumes, Agriculture Minister Stephane Travert said. This means that retailers will be able to do promotion offers such as  three products for the price of two  but only for a fourth of their supplies for that product. The war in prices had led to rebates of up to 70 percent, which are most often supported by food producers. The aim of the measure is to avoid consumers losing the  sense of prices.  It would now be promotions, not sell-offs,  Christiane Lambert, head of France s largest farm union FNSEA, said. Analysts say the measures would reduce aggressive price competition among French retailers and accelerate food inflation, potentially benefiting retailers  profit margins in the short-term.  This should calm down the (price) game a bit but the most aggressive players on prices may be tempted to parry an attack,  Raymond James analyst Cedric Lecasble said. A softer competitive climate could come as a relief for retailers like Carrefour (CARR.PA) and Auchan [AUCH.UL], whose profitability is under pressure and whose hypermarkets sales suffer from aggressive price discounting from the market s dominant player, Leclerc, Barclays analyst Nicolas Champ said. Leclerc is now the leading retailer in France with a national market share of 21 percent against 20.5 percent for Carrefour, the latest Kantar data show. Accelerated food inflation could also lead some consumers to trade down, which could benefit hard discounters like Lidl. The limitation of promotions could also benefit discounters who have mostly Every Day Low prices strategies and reduce the attractiveness of the hypermarket stores, which are more focused on promotions. The government s aim is to present draft legislation to Parliament early next year, Philippe said. Analysts say the measures are unlikely to have an impact on the food chain before the second half of 2018. Ania had estimated that a rise of 15 percent in the RBC threshold would cost consumers an average of 30 cents ($0.36) per person and per week. Prices of products currently sold lower than the new RBC floor level - mostly products used to attract consumers such as Ferrero s Nutella or Coca Cola (KO.N) soft drinks - would rise mechanically. The government hopes that the measures will prompt retailers to loosen pressure on suppliers and food makers who would then pass at least part of the rise onto farmers. But some are doubtful that this will happen.  We will increase some products  prices by 10 percent, promising that miraculously this money, taken from consumers, will go down to the agri-food industry and that industry will give this money back to farmers. By what miracle, we do not know, there are no tools,  Olivier Andrault from consumer rights group UFC-Que choisir told Europe 1 radio. The government will also reinforce the so-called renegotiation clause that allows parties to ask that contracts - concluded on an annual basis in France - be reviewed if there is a large swing in production prices. To ensure that farmers are not paid below their costs, France also plans to reverse the process of determining prices by taking farmers  production costs as the starting point. ($1 = 0.8432 euros) worldnews
france move raise minimum food prices limit promotionsparis reuters france european union largest farm producer plans raise regulated minimum food prices limit bargain sales supermarkets bid increase farmers income prime minister douard philippe said thursday the move part wider review closed thursday farmers important constituency french politics long complained hit price war retailers benefited consumers hurt producers chain the measures put place trial period two years philippe said selling loss forbidden france to determine minimum level retailers allowed sell product france set resale below cost rbc threshold the rbc threshold currently defined product basic purchase price minus discounts plus transport costs retailer warehouse the government propose raise rbc threshold percent philippe said close food review the aim balance trade relations benefit farmers income said describing proposal the rise would include additional costs already supported retailers cost logistics staff needed bring products warehouses shelves food industry group asia said this increase products sold current rbc threshold new one necessarily expensive ones the government propose limiting discounts food products percent product price percent available volumes agriculture minister stephanie tracert said this means retailers able promotion offers three products price two fourth supplies product the war prices led debates percent often supported food producers the aim measure avoid consumers losing sense prices it would promotions christian lambert head france largest farm union fsea said analysts say measures would reduce aggressive price competition among french retailers accelerate food inflation potentially benefiting retailers profit margins this calm price game bit aggressive players prices may tempted party attack raymond james analyst metric lecasble said a softer competitive climate could come relief retailers like carrefour chan whose profitability pressure whose supermarkets sales suffer aggressive price discounting market dominant player leclerc barclays analyst nicolas champ said leclerc leading retailer france national market share percent percent carrefour latest altar data show accelerated food inflation could also lead consumers trade could benefit hard discounted like lid the limitation promotions could also benefit discounted mostly every day low prices strategies reduce attractiveness supermarket stores focused promotions the government aim present draft legislation parliament early next year philippe said analysts say measures unlikely impact food chain second half asia estimated rise percent rbc threshold would cost consumers average cents per person per week prices products currently sold lower new rbc floor level mostly products used attract consumers febrero novella coca cola soft drinks would rise mechanically the government hopes measures prompt retailers loose pressure suppliers food makers would pass least part rise onto farmers but doubtful happen we increase products prices percent promising miraculously money taken consumers go industry industry give money back farmers by miracle know tools olivier andrault consumer rights group choir told europe radio the government also reinforce negotiation clause allows parties ask contracts concluded annual basis france reviewed large swing production prices to ensure farmers paid costs france also plans reverse process determining prices taking farmers production costs starting point euros worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: France's move to raise minimum food prices, limit promotionsPARIS (Reuters) - France, the European Union s largest farm producer, plans to raise regulated minimum food prices and limit bargain sales in supermarkets in a bid to increase farmers  income, Prime Minister Edouard Philippe said on Thursday. The move is part of a wider field-to-fork review that closed on Thursday. Farmers, an important constituency in French politics, have long complained of being hit by a price war between retailers, which has benefited consumers but hurt producers down the chain. The measures will be put in place for a trial period of two years, Philippe said. Selling at a loss is forbidden in France.  To determine the minimum level at which retailers are allowed to sell a product, France has set a Resale Below Cost (RBC) threshold. The RBC threshold is currently defined by the product s basic purchase price, minus discounts, plus transport costs to the retailer s warehouse. The government will propose to raise the RBC threshold by 10 percent, Philippe said at the close of the food review.  The aim is to rebalance trade relations for the benefit of farmers  income,  he said when describing the proposal. The rise would include some of the additional costs already supported by retailers, such as the cost of logistics and staff needed to bring products from warehouses to the shelves, food industry group Ania said. This will increase the end-price of all products sold between the current RBC threshold and the new one - but not necessarily more expensive ones. The government will propose limiting discounts on food products to 34 percent of a product s price and to 25 percent of available volumes, Agriculture Minister Stephane Travert said. This means that retailers will be able to do promotion offers such as  three products for the price of two  but only for a fourth of their supplies for that product. The war in prices had led to rebates of up to 70 percent, which are most often supported by food producers. The aim of the measure is to avoid consumers losing the  sense of prices.  It would now be promotions, not sell-offs,  Christiane Lambert, head of France s largest farm union FNSEA, said. Analysts say the measures would reduce aggressive price competition among French retailers and accelerate food inflation, potentially benefiting retailers  profit margins in the short-term.  This should calm down the (price) game a bit but the most aggressive players on prices may be tempted to parry an attack,  Raymond James analyst Cedric Lecasble said. A softer competitive climate could come as a relief for retailers like Carrefour (CARR.PA) and Auchan [AUCH.UL], whose profitability is under pressure and whose hypermarkets sales suffer from aggressive price discounting from the market s dominant player, Leclerc, Barclays analyst Nicolas Champ said. Leclerc is now the leading retailer in France with a national market share of 21 percent against 20.5 percent for Carrefour, the latest Kantar data show. Accelerated food inflation could also lead some consumers to trade down, which could benefit hard discounters like Lidl. The limitation of promotions could also benefit discounters who have mostly Every Day Low prices strategies and reduce the attractiveness of the hypermarket stores, which are more focused on promotions. The government s aim is to present draft legislation to Parliament early next year, Philippe said. Analysts say the measures are unlikely to have an impact on the food chain before the second half of 2018. Ania had estimated that a rise of 15 percent in the RBC threshold would cost consumers an average of 30 cents ($0.36) per person and per week. Prices of products currently sold lower than the new RBC floor level - mostly products used to attract consumers such as Ferrero s Nutella or Coca Cola (KO.N) soft drinks - would rise mechanically. The government hopes that the measures will prompt retailers to loosen pressure on suppliers and food makers who would then pass at least part of the rise onto farmers. But some are doubtful that this will happen.  We will increase some products  prices by 10 percent, promising that miraculously this money, taken from consumers, will go down to the agri-food industry and that industry will give this money back to farmers. By what miracle, we do not know, there are no tools,  Olivier Andrault from consumer rights group UFC-Que choisir told Europe 1 radio. The government will also reinforce the so-called renegotiation clause that allows parties to ask that contracts - concluded on an annual basis in France - be reviewed if there is a large swing in production prices. To ensure that farmers are not paid below their costs, France also plans to reverse the process of determining prices by taking farmers  production costs as the starting point. ($1 = 0.8432 euros) worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: france move raise minimum food prices limit promotionsparis reuters france european union largest farm producer plans raise regulated minimum food prices limit bargain sales supermarkets bid increase farmers income prime minister douard philippe said thursday the move part wider review closed thursday farmers important constituency french politics long complained hit price war retailers benefited consumers hurt producers chain the measures put place trial period two years philippe said selling loss forbidden france to determine minimum level retailers allowed sell product france set resale below cost rbc threshold the rbc threshold currently defined product basic purchase price minus discounts plus transport costs retailer warehouse the government propose raise rbc threshold percent philippe said close food review the aim balance trade relations benefit farmers income said describing proposal the rise would include additional costs already supported retailers cost logistics staff needed bring products warehouses shelves food industry group asia said this increase products sold current rbc threshold new one necessarily expensive ones the government propose limiting discounts food products percent product price percent available volumes agriculture minister stephanie tracert said this means retailers able promotion offers three products price two fourth supplies product the war prices led debates percent often supported food producers the aim measure avoid consumers losing sense prices it would promotions christian lambert head france largest farm union fsea said analysts say measures would reduce aggressive price competition among french retailers accelerate food inflation potentially benefiting retailers profit margins this calm price game bit aggressive players prices may tempted party attack raymond james analyst metric lecasble said a softer competitive climate could come relief retailers like carrefour chan whose profitability pressure whose supermarkets sales suffer aggressive price discounting market dominant player leclerc barclays analyst nicolas champ said leclerc leading retailer france national market share percent percent carrefour latest altar data show accelerated food inflation could also lead consumers trade could benefit hard discounted like lid the limitation promotions could also benefit discounted mostly every day low prices strategies reduce attractiveness supermarket stores focused promotions the government aim present draft legislation parliament early next year philippe said analysts say measures unlikely impact food chain second half asia estimated rise percent rbc threshold would cost consumers average cents per person per week prices products currently sold lower new rbc floor level mostly products used attract consumers febrero novella coca cola soft drinks would rise mechanically the government hopes measures prompt retailers loose pressure suppliers food makers would pass least part rise onto farmers but doubtful happen we increase products prices percent promising miraculously money taken consumers go industry industry give money back farmers by miracle know tools olivier andrault consumer rights group choir told europe radio the government also reinforce negotiation clause allows parties ask contracts concluded annual basis france reviewed large swing production prices to ensure farmers paid costs france also plans reverse process determining prices taking farmers production costs starting point euros worldnews