The "four secrets" of the technology giant Apple used to set prices of their product lines.
There is no company, large or small, that does not face challenges in determining prices and suitable profitability margins for their products and services today. However, some manage their prices better than others.
The drop registered in inflation is the main reason cited for removing price controls on 22 basic food products.
From a statement issued by the Chamber of Commerce, Industries and Agriculture (CCIAP):
Price control was a political promise made by the current President of the Republic, which promised voters savings of US $58.00 in the basic food basket, by freezing prices of 22 products, temporarily and as an " emergency" measure.
Despite opposition from the business sector, the government has frozen the prices of 20 basic food products and is considering including more.
The products included in the price stability agreement are: beef, pork, chicken, sausages, eggs, bell peppers, onions, tomatoes, potatoes, carrots, squash, coffee, rice, beans, corn, wheat and corn flour, butter, milk, sugar and banana leaves, and their derivatives.
Noting that the upward trend in the prices of maize and beans is unjustified, the government has announced that it is considering submitting a bill to set minimum and maximum levels for sales.
The government argues that the rising prices seen in maize and beans have been "unjustified" and that is the reason for the possible employment of price controls, establishing a "maximum and minimum ..." explained Eugenio Chicas, spokesperson for the Sanchez Ceren administration.
Price controls placed on some cuts of meat have altered the prices of other cuts not included in the measure, distorting the entire supply chain, from producer to consumer.
The intention to control the prices of some food products does not seem to show results in the meat sector, as final prices and production costs have been altered for several reasons, including the decision by producers to reduce their shipments of regulated cuts to supermarkets and increase exports to other markets, so as to not reduce their profits.
The government has extended until December prices controls on 22 basic food basket products and added six more to the list.
The products that make up the list are vegetable oil, french bread, fresh milk, medium apple, orange juice, sea bass, chicken soup with noodles, soda, oranges, sugar, ham unpackaged, evaporated milk, barjack fish, coffee, lettuce, tomato paste, plantains, bananas, fruit drinks, corn tortilla, mayonnaise, margarine, tomato, carrot, tea, garlic and salt.
Price controls will be extended for six months, and authorities are contemplating including in the list of regulated goods coffee, pasteurized milk, sugar, and oil.
The Price Adjustment Committee has recommended that the 22 products under price regulation be maintained, and that 4 more be included. This is intended to force lowering of prices for the products involved, a measure that has been prolonged for the second time this year.
Farmers and industrialists are opposed to the possibility of including fluid milk in the list of products whose prices are controlled by the government.
Industry representatives argue that if the product is included in the list, "... small retailers will not want to handle our product," said Ricardo Sotelo, president of the Union of Industrialists of Panama to Panamaamerica.com.pa.
A draft bill, if approved, would give the State permission to access confidential information on private companies and create a state company that controls access to the Internet.
Representatives from the Superior Council of Private Enterprise (COSEP) argue that this draft law goes against the "principles of free enterprise," which if approved would become "an anti private investment law". It was further noted that jurisdiction would be given over fixing prices to the regulator of telecommunications (Telcor), "... which would cause a rise in rates for Internet access."
XAGRO S.A. Announced that they have signed a purchase agreement with Jam LLC to buy 5,000 MT of red beans from China that will be sold to importers throughout Central America to help ease market pressure and lower the high prices caused by recent shortages.
We manufacture dehydrated food products for humans. We sell our products through contract manufacturing or own labels national and internationally
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