New measures announced to regulate prices of agricultural produce

The Cuban Ministry of Finance and Prices announced a new package of measures to regulate the marketing of agricultural products in the domestic market.

In a press release published on May 3 in the national press, the ministry notes that in order to gradually increase the purchasing power of the Cuban peso (CUP), a series of measures were taken to increase supplies of agricultural products in high demand and set maximum prices.

The press release recalls that the Central Report to the 7th Congress of the Communist Party of Cuba states, “Although we understand that the fundamental factor in the rising prices resides in insufficient production levels unable to satisfy demand, with progress made in this area affected by objective and subjective factors, we can not remain unresponsive to citizen’s frustration at the unscrupulous manipulation of prices by intermediaries whose sole consideration is to make more money.”

The document adds that prior to these decisions, the Ministry of Agriculture organized a process of discussion with producers, marketers and the enterprise system.

Read more:

http://en.granma.cu/cuba/2016-05-03/new-measures-announced-to-regulate-prices-of-agricultural-produce

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