Argentina acts to stop the rise in the price of bread and other food

Published 2022년 4월 1일

Tridge summary

Argentina's Government is set to subsidize flour mills in order to lower the price of bread and other wheat flour products, as a response to the escalating inflation caused by the increase in the international and domestic price of wheat following Russia's invasion of Ukraine. The government will create a trust to stabilize wheat prices and subsidize mills, preventing the need for mills to pass on higher prices to agricultural producers. This measure is aimed at ensuring a stable supply and price of bread for the public.

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Original content

The Government of Argentina announced a few days ago that it will subsidize the flour mills to lower the price of bread and other products based on wheat flour and anticipated that it is studying other measures to curb the accelerated inflation that is registered in the values of the food. "We are generating a mechanism to guarantee that bread will not be lacking on the table of Argentines," said the Argentine Minister of Productive Development, Matías Kulfas. The minister explained that the sharp increase in the international and domestic price of wheat after Russia's invasion of Ukraine has forced the Government of Alberto Fernández to take a measure of this type. Specifically, the Executive decided to create a trust to stabilize the price of wheat whose main objective is to subsidize the mills so that, without ...

Source: Agropopular