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Agronoticias: Agriculture News from Latin America and the Caribbean
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Caribbean

20/06/2018

Cuba sets a price cap on agricultural products

The measure affects all forms of private commercialization, except for the Agriculture and Livestock Supply and Demand Markets.

Market in Cuba

With the quick implementation of a decision of the recent Communist Party Congress (PCC), the Cuban government seeks to curb rising inflation in the prices of root vegetables, fruits, vegetables and other agricultural products in high demand among the population. As of Tuesday, the prices of 23 of these products will be capped in the state agricultural markets (MAE) and various private forms of sale.

In a note entitled "Measures for ordering the commercialization of agricultural products," maximum prices have been established per pound for retail sales, varying between 85 cents (sweet potato, cassava) and 16 pesos in national currency (garlic), with adjustments made for the times of the year in which these varieties have their lowest yield.

Please note that this article was not originally written in this language.
This article is incomplete. Click here to read the full text from its original source, Martí Noticias
Photo Credit: Ben Kucinski (CC BY 2.0)
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