Suspicions of price gouging in red bean prices
The average price paid by Salvadorean importers for a quintal (46 kg or 100 lbs.) of red beans is 45 dollars, but the price in the consumer market is 100 dollars.
Tuesday, June 17, 2008
The import declarations of several importers who bring red beans into the country has sparked suspicions in the Executive Branch of possible price gouging.
The Ministry will develop strategies, will intercede regarding for prices with industrial buyers and require producers to register all of their production.
The Agriculture Ministry seeks to assure domestic bean supply, by sowing some 100.000 hectares per year.
Nicaraguan producers say that despite government promises, there are still barriers to exporting about 25 million quintals of good quality grain.
Facing a potential shortage of beans, the government will ask companies to import the product directly.
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