For his part, Hang emphasized that Argentina presents great opportunities in the food sector and especially given the global situation generated by the war between Russia and Ukraine.
From the Secretary of Internal Trade they highlighted that “it was a good meeting in which there was consensus on the importance of food SMEs”. The National Government promised to continue implementing measures to promote the development of the sector, so that those that still do not and have the capacity begin to export, and increase the exports of those that already sell abroad.
During the meeting, they also discussed the work being carried out by the Ministry of Commerce together with the Central Bank and the Ministry of Economy’s tax policy secretariat to manage foreign trade and the importance of promoting regional economies.
Prices Care
The program has almost 1,400 products and is normally reviewed every three months, while the last agreement, under the management of Feletti, contemplated increases of 3% per month on average in April, May and June and the next review was going to be on the 7th of July, but Hang negotiates for these hours the advance of said increases.
Without setting a general guideline, the idea is that there be an update “window” on those products whose prices were more out of date to guarantee their supply.
Before leaving his post, Feletti had complained to supermarkets and business suppliers about the lack of supply of the goods that make up the program.
On a historical average, the level of compliance with Prices Care is 75%, but the previous person in charge of Domestic Trade had stated that in the first quarter of this year it had dropped to 65%, that is, about 10 points less.
If official data is taken from the National Institute of Statistics and Censuses (INDEC), the impact of Prices Care in the conformation of the IPC it was reduced by half.
In December 2021, the products that make up the basket represented 12.23%, while in April it had dropped to 6.23%, that is, almost 50%.
The explanation of some analysts of the retail markets consulted is that the supplier companies send fewer products. Somehow, they formally comply with the presentation of the offer, but the offer quickly dries up.
Hang will now try to repair the damaged relationship with the businessmen to at least have the available offer again.
Source: Ambito
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