Peru: Agricultural unions request modification of caps to price band system as measure to promote national agriculture

(Agraria.pe) On October 3, the multisectoral group called by the Government will be installed to define the measures to be applied within the framework of the so-called "second agrarian reform." In this regard, Clímaco Cárdenas, president of Conveagro, pointed out that one of the requests of the agricultural unions will be the modification of the caps to the price band system, as a measure to promote the national farmer. “We are going to propose it, as it is a measure that will make the sector more competitive. We want the same thing that other countries in the world do to be done, it is nothing extraordinary, as it is a measure allowed by the WTO, ”said Cárdenas. The price band - created in 2001 - is a system used to stabilize import costs and domestic prices for a selected group of agricultural products: hard yellow corn, milled rice, white sugar and whole milk powder. The system allows applying additional tariffs in cases where the international price falls below the lower ...