Bakers in Argentina ask for a reduction in the gas rate so as not to raise the kilo of bread

Published 2022년 7월 9일

Tridge summary

The Argentine government has not yet implemented a trust fund to subsidize flour prices, which was intended to mitigate rising bread prices, due to a caution from exporters. In response, the bakery sector is seeking temporary solutions, including a reduction in energy rates, particularly gas, used in baking. A meeting between bakery sector leaders and the Undersecretary of Hydrocarbons of the Nation resulted in discussions about a subsidy for bakeries with up to seven employees. The government has created a $350 million trust fund to subsidize flour prices, but its implementation has been delayed due to a precautionary measure filed by exporters.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Among the measures designed by the Government to counteract the increases in bread was the formation of a trust to subsidize the prices of flour, its main input. However, this measure, published in the Official Gazette on March 19, has not yet been implemented due to a precautionary measure imposed by the exporters. For this reason, the bakery sector is asking for another short-term measure to reduce the costs of its inputs: they are demanding a reduction in energy rates for electricity and mainly for gas, a fundamental input for baking their products. Leaders of the sector held a meeting this Tuesday with the Undersecretary of Hydrocarbons of the Nation, Maggie Videla, with whom they agreed to advance the possibility of granting a subsidy that reduces energy rates for bakeries with up to seven employees. "Given the delay in the effective implementation of the trust arranged by the Government, we have to look for other ways of solving the difficult situation that the sector is ...
Source: Clarin

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