During the month of February there was also a slowdown in the price increase of a major group of products that showed increases, including black potatoes, beef, pork, chicken and eggs.
In the case of potatoes, there were reductions in all varieties of black potatoes.
“The fall in potato prices is a remarkable fact, as it included all black potatoes, the fall was more than 10% in the varieties in high demand, such as capira, brown pastusa and the only one. This fact is all the more relevant because it happened at a time when the flow of this and other products from Nariño to the rest of the country was greatly affected by the collapse of the Pan-American Highway,” explains Felipe Fonseca, general manager of the Unit of Rural Agricultural Planning (UPRA) .
He added that when there is an interruption in the flow of product, there are two very different consequences, such as a price increase in the destination city, where supply is limited, and a decrease in the city shipping or exporting the product.
In vegetables, the most important result was the reduction in the prices of white spring onions, tomatoes, peppers and carrots, a result that was offset by the increases in beet onions, peas and green beans and beetroot.
The other side of the coin was the fruits; Tahiti lemon, mandarins, guavas, papayas, passion fruit, Castilian blackberries, tree tomatoes and passion fruit became more expensive by more than 10%.
“This behavior can be explained by taking into account that February is not a month when fruit supply increases, because it is the month when the weather starts to change as a prelude to the first semester winter season,” Fonseca said.
In the previous month, 60,691 tons of extra food arrived at the wholesale centers, an increase of 17.8% compared to January.
Meanwhile, the Colombian Mercantile Exchange (BMC) claimed that February’s agricultural price index registered a 22.7% increase compared to the same month of 2022, a figure that marks the indicator’s lowest annual variation in 20 months (June 2021).
The products with the most negative contributions to the index were bananas, other oily fruits and green legumes.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
