Honduras Discussing Postponement of Price Freeze

The Government looks to extend the decree which froze prices of basic goods until January 19, 2011.

Friday, January 14, 2011

The head of the Ministry of Industry and Commerce (SIC), Juan José Cruz, said he had evidence that price speculation in the Honduran market is still present, so he does not rule out the extension of the decree," reports Digital Process.

He said a decision on the matter will be made immediately and strategies to follow will be determined.

More on this topic

The Nonsense of Price Controls

October 2012

Government price freezes, which these days are seen as an option to maintain the price of basic goods in Honduras, always ends up hurting consumers.

The best solution to the problem is to "adopt policies to stimulate agricultural production."

The latter is what has been proposed in an editorial Tiempo.hn, after analyzing the Honduran executive’s decision to create a commission that will be responsible for presenting options to reduce the prices of the products that make up the basic basket.

Honduras Freezes Basic Food Prices

November 2010

Congress passed a decree freezing the prices of 33 basic food products.

Corn is not included in the resolution because there is an agreement between producers and manufacturers, which determines the pricing mechanism.

"The decree shall enter into force for a period of 60 days upon publication in the Official newspaper, setting the maximum selling prices of 33 products which make up the basic consumption needs," reports Latribuna.hn.

Honduran government freezes prices.

November 2008

The government is analyzing the maximum price of 30 products in the basic basket.

The Minister of Industry and Commerce, Fredi Cerrato, said yesterday that "The Consumer Protection Law authorizes price freezes by means of a Ministry Resolution, and that the freeze applies to the maximum price."

Panama: Food crisis affects the basic consumer basket of goods

April 2008

The worldwide food crisis is a concern not only because of the possible scarcity of food, but also because it raises prices for the entire basket of family consumer goods, and Panama cannot ignore it.

The Minister of Agricultural Development, Guillermo Salazar, said the increase in the basic basket of goods is increasingly important.

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