At the same time, he requested maximum collaboration from all sectors in order to complement this scheme. “Given the impact of the war on the value of wheat, this is an effort by the National State to place the flour at affordable prices and keep the market supplied”he claimed.
From the Government they indicated that the trust is already in conditions to begin to be operative with the transfer of the first subsidies. “The Ministry of Internal Trade, use the funds to compensate the purchase value of the wheat from the mills, setting a sales reference price so that the flour reaches the bakeries”, they maintained.
The products reached are type 000, 0000, tapera and semolina flours. The bags of flour that are made from the funds obtained through the trust will be identified with a stamp that says “Product subsidized by the national government” to guarantee their traceability and follow-up.
In this way, with the implementation of the wheat trust, flour of 25,000 kg will cost $1,200. Regular 0000 flour at $1440, 000 quality 24/26 gluten flour will have a base value of 000 flour plus 10%. For its part, flour 000 quality 26/28 gluten will have a base value of 000 plus 20%, while flour 000 quality more than 28 gluten will have a base value of 000 plus 30%. Tapera flour and semolina will be around $1,560, while special flours (premixes, wholemeal) will have a base value of 000 plus 50%.
The value for the final consumer
Juan Manuel Airoldes, president of the Union of Industrial Noodles of the Argentine Republic (UIFRA) was one of those present at the meeting with Roberto Feletti. In dialogue with Ambit He maintained that “it is difficult to determine when the gondola will be impacted due to the fact that it will be reflected to the extent that the flour mills can access their compensation to transfer them to us.”
Regarding the value in shops, Airoldes affirmed that “the consumer is very well protected through the Careful Prices programs and especially in a broader way as of March 15 when the trust was decided.” In this way, the prices of the noodles in AMBA start from $60 to $100. The free prices without subsidy are higher, but he maintains that with this mechanism “You may see an improvement in values.”
For its part, Gaston Mora President of the Bakers Center of Avellaneda explained why the delay in the implementation of the trust: “We had to create the bank accounts, create the legal part so that everything is transparent and very clear in the implementation. The Secretary of Commerce called us to tell us that the account is already operational, which means that the funds have already been transferred and the subsidies can be used as the mills register with Commerce, an account is registered and from there they will transfer the funds. perceive there should be subsidized flour with what had been scheduled”.
Today the bread is in a value that is around $220 to $360-$400. “Unfortunately prices are rising at a very worrying scale and we have to focus on that. In 98% of the time it is speculation. A cushion is made for a possible bullfight and that continues to generate inflation, we have to fight it in some way, it cannot be that we are speculating to increase it just in case,” added Mora.
“In fifteen days at the latest, the price of bread would have to be within the range of $220-$270, which is the commitment that was signed with the different entities of the industry. We asked Commerce if they went over that value, if there were going to be sanctions, which they told us yes because everyone is going to end up receiving subsidized flour,” Mora clarified.
Rates: an issue to watch closely
Next week the hearings will be held for the rate of electricity and gas, an important component in the production costs for bakeries and other businesses. In a brief mention in the chat with Mora, he announced that they requested “be included in the resolution that work cooperatives, recovered companies and neighborhood clubs have, which implies a 50% rate reduction. We are going to have a next meeting with energy and gas authorities to make the request formalized.”
Source: Ambito
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