Argentina: Seeking to put a stop to price increases, Internal Trade tackles the bread market

Published Feb 14, 2022

Tridge summary

The Argentine government is taking steps to control the rising costs of essential food items, particularly bread, by implementing a wheat trust and renewing similar measures for oils and beef. The goal is to subsidize the prices of these staples to combat inflation. The bakery sector has warned of a potential bread price increase of up to 25% due to rising costs. The government is also taking measures to increase cattle herd productivity to meet both domestic and export demand for meat. The implementation of these trusts and initiatives is part of a larger strategy to ensure food supply and reasonable prices for the public.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Secretary of Domestic Trade, Roberto Feletti, will receive the bakery sector on Tuesday, February 15, to advance in the implementation of the wheat trust and thus avoid spikes in the price of bread, according to what BAE Business found out through official sources. In the context of strong inflationary pressure at the beginning of the year, the Government seeks to curb increases in sensitive foods for the family basket. The chambers that bring together the bakeries warned that, given the rise in costs, bread will increase by up to 25%. With an inflation that closed 2021 at 50.9%, the Casa Rosada already renewed in January the programs for oils and beef, which are added to Care Prices, which offers a list of 1,321 products available in supermarkets. "We are replicating what we did with the oil, those who export contribute to stabilize the market," Feletti acknowledged in radio statements. The oil trust was implemented in 2021 and was renewed this year. Exporters disburse USD190 ...

Source: Baenegocios