Only 1 of the 15 foods that have grown the most is directly related to international prices

Only 1 of the 15 foods that have grown the most is directly related to international prices

Argentina uses restrictions on exports and trade interventions not enforced by other countries that produce and sell abroad; Expert opinion

The government is calling for export restrictions to curb prices
The government is calling for export restrictions to curb prices

CÓRDOBA.- On Friday, President Alberto Fernandez said “The war on inflation in Argentina” begins. Day Would announce a A package of events “Attack” on the rise in prices. Once again, the menu insisted on state intervention in the markets. Follow now Stop exporting soybean oil and flour And the government has just started Escrow It consists of all the links in the wheat and corn chain to provide a “stable price” for 000 flours and noodles. Specialists say about it In the region this is not the path chosen by the administration.

The Economist of Yeral, Juan Manuel Garzon He said that in Latin America “there is not much intervention; Neither in the region nor in developed countries. ” Only in case of export duties The Organization for Economic Co-operation and Development (OECD) has two out of 38 countries. These are Norway and Costa Rica.

“No country in the United States or Europe, except these two and Argentina, uses this tax,” he added.

Ieral monitors food and beverage inflation in Argentina relative to the region and locally. On average six to seven times more, depending on the month and country With which a comparison is made. In February, local inflation was five times higher than regional inflation, averaging 1.6%.

Updated according to February inflation, Of the 15 products that have grown the most INDEC Large Buenos Aires Basket, Only one “can be said to be directly related to the international growth of goods”Noted Garzon. This is French bread; The rest “are either not directly related, or if they are, the connection is indirect or weak, in the sense that the impact of rising international prices on these products is significantly reduced.”

This group of products includes lettuce (72.7%), round tomatoes (40.8%), onions (30.8%); Lemon (27%); Chicken eggs (22.5%, indirectly associated with an increase in poultry feed costs); Oranges (19.5%); Potatoes (16.3%); Whole milk powder (15.8%, indirectly related as farm feed prices rise); Ordinary minced meat (11.7%, the same indirect connection is observed); Delicious apples (10.9%); Bottled beer (10%; indirect relationship due to rising barley prices); Fresh hack fillet (8.3%); Shoulders and buttocks (7.8% and 7.7%, respectively, indirect connection) and French bread (7.6%, more directly associated with corn growth).

“All of us are neighbors Active participants in global tradeExport or import of food, but Keep inflation under control“Which shows that the problem is ours, our economic policy, it is not ‘imported’,” the economist said.

Situation

David MizoThe Economist of the Agricultural Development Fund of Argentina (FADA) agreed with his colleague that in general there is no level of state intervention in the region: “Paraguay, Uruguay, Brazil or New. Zealand, Australia, United States – to name some of the world’s best food producers – have restrictions For export of cereals, meat or dairy products“.

The government is preparing a flour trust for bakeries
The government is preparing a flour trust for bakeries

He noted that some India They have restrictions, however he explained that this country is a net importer of food. Russia It also has limitations UkraineThose who did not have it before the war now count some.

Fada periodically works on the price share of raw materials in the finished product. Miatso said it was thorough The share of wheat and corn has risen due to the recent jump in grain prices. In the case of milk, he said, it should not have increased substantially because the price paid to the producer was barely higher than inflation.

Source: La Nacion

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