Feletti pointed out that “what worries me most today is the spike in the price of wheat at international levels”, and specified that “the ton from $280 a month ago to $490 that arrived these days, is a very big impact”.
Although he maintained that “It is good news that the prices of what Argentina exports rise”pointed out that “domestic consumption has to be preserved; if this is transferred to the price of bread, it is no longer good news.”
“Today the trust to ensure the price of flour and noodles with 800,000 tons of wheat is insufficient with this price increase,” the secretary remarked.
In that sense, he explained that “it is the impact of the price of wheat that causes the grain to be retained,” and pointed out that “the mills, despite the fact that they have (flour), also hesitate because they do not know what the price is.”
Thus he underlined that “There is great pressure on wheat,” and he pointed out that “Ukraine and Russia are exporters of almost 29% of the tons of wheat in the world and almost 19% of corn.”
“Then the price pressure on these grains is great and if you don’t have sufficient decoupling mechanisms, there will be tension,” he added.
He also argued that “today the measures we put in place for this decoupling from international prices may become insufficient.”
“I have spoken with the minister (Martín) Guzmán, with the minister (Matías) Kulfas, we have to monitor”Feletti said.
Asked about the claim of the entities of the agricultural sector regarding withholdings on exports, he said that this reflects “the lack of solidarity of the Liaison Table and the Rural Society with the Argentines.”
“We all know that if the withholdings are 0, the price of bread will be at international value. Nobody in Argentina earns wages at international prices,” the secretary remarked.
He said that “to think that bread can be consumed with the price of wheat at almost US$ 500 a ton without any decoupling mechanism from international prices, that is: ‘don’t eat bread'”.
For his part, the head of the Buenos Aires Bakery Industrial Federation, Raúl Santoandré, told the Télam news agency that “This week we have several meetings with Internal Trade and other authorities,” because they are “on the lookout since flour continues to rise.”
“The millers are speculating, in eight days the wheat per slate increased by 21.3% and in those days the flour increased by 29%. Today you have to buy a bag of flour for $2,000 and up,” Santoandré said.
In addition, he pointed out that “deliveries are not normal, you ask for 50 bags, they send you what they want, in some exceptional cases they send you flour with an open ticket.”
“I don’t know the mechanism that they are going to adopt, but we bakers are unable to produce our product. If there is no agreement this week, this will increase again; we are waiting for the meetings that we are going to have,” the leader concluded. business union.
Source: Ambito
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