Honduras: Price Controls Implemented

Despite opposition from the business sector, the government has frozen the prices of 20 basic food products and is considering including more.

Tuesday, November 10, 2015

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.

"... Maria Antonia Rivera, coordinator of the Competition Commission of the Chamber of Commerce and Industries of Cortés (CCIC), was blunt in saying that the private sector does not agree with the decree ordering the fixing of prices of the products which are consumed the most during the holiday season. "

"... Alden Rivera, head of the Ministry of Economic Development, said in an article on Laprensa.hn that "... 'We are meeting with different sectors to determine whether we are able to include other products, which are sensitive to rises, they have been left out of the first stage of this list and which in the view of the office of consumer protection should be integrated into the agreement.'"

More on this topic

Basic Basket: Prices Fixed in El Salvador

March 2020

In the context of the covid-19 crisis, the Salvadoran authorities decided to establish a maximum price for all products in the basic basket.

The Consumer Defense Office has selected beans, corn, rice, milk and eggs as essential products, which must be kept at accessible prices in the local market.

Price control: From Temporary to Permanent

January 2019

The measure initially defined as transitory, became permanent in Panama, since the beginning of the Varela administration has been extended nine times, leaving negative balances in some sectors.

Juan Carlos Varela will close his administration with a new extension of the controversial measure that regulates the prices of 22 products of the basic basket, affecting several sectors, including meat producers, who report economic losses.

Honduras: 30 Day Price Fix for Staple Foods

December 2014

The government has set maximum prices that may be marketed, for the next 30 days, on fifteen basic food products, including pork, eggs, beans and coffee.

The Ministry of Economic Development has classified the most consumed products at this time of year in order to avoid increases and maintain price stability. The measure takes effect from today in all markets in Honduras.

Panama: Price of Vegetable Oil and Sugar Could Be Regulated

September 2014

An option being studied by the government to include vegetable oil and sugar in the list of price-controlled commodities has been rejected by the business sector.

Citing significant increases in the prices of both products, the government announced it would not rule out the possibility of including them in the list of regulated commodity prices, a measure which was first implemented at the beginning of the Varela administration.

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