An article by Fernando Quiñonez for Sigloxxi.com reports comments and opinions from members of the Guatemalan Construction and Industry Chambers regarding the price rises.
The increases, together with a lack of measures to stimulate the economy, has led the industrial sector to postpone factory expansion plans, comments the executive director of the Chamber of Industry (CIG), Javier Zepeda.
"Economy expert Violeta Hernández from the social studies and research association, Asíes, indicates that while price pressures worldwide may have subdued, this has not followed through into lower house values".
Corn prices continue to rise in Guatemala, reaching $ 22.5 per quintal.
This is the highest price on record since 2007 and according to Luis Enrique Monterroso, from the food unit of the Human Rights Office “it is evidence that the price spike is not a result of speculation but of actual losses in this year´s harvest”.
In the next few days, the price of some products from the basic food basket will rise.
The agriculture industry alleges that production costs and components are becoming a threat to the completion of the finished product and is causing a chain of increases in poultry, pork, milk and eggs.
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