Sources from the private sector told Ámbito that Massa assured them that what he is looking for is to begin to “normalize” prices, that is, to accommodate relative prices and lower dispersion, which led to the loss of references. In addition, he asked them to increase production to avoid bottlenecks, lower manufacturing costs and “cushion” the impact on prices. To do this, he assured them financing from public banks and in exchange asked for investments. A table will be created between Copal, AFIP, Banco Nación and Banco Provincia.
The dollar was the central theme at the meeting, and that is why Miguel Pesce, president of the Central Bank, was also present. The companies brought complaints about the imports. In fact, yesterday the chamber that brings together the food companies (Copal) issued a statement in which it ensures that “the persistence of inconveniences in the operation of foreign trade conditions the possibility of growth in production and exports.” A businessman commented: “It is difficult for us to obtain supplies for food and we found out that even the yachts had an automatic license.”
According to business sources, the economic team revealed that as of August energy imports began to drop, and that it will continue on that path in September, so they hope to begin to accumulate reserves. “If reserves are accumulated, they promised a path of normalization of imports and maintain a competitive exchange rate without disruptions,” said a source. Along the same lines, from another company they added: “Massa said that there is no possibility of a devaluation shock. That ends with 30% monthly inflation and not even the IMF is asking for it”.
The meeting took place in a “cordial” manner, different sources commented. According to the private sector, Massa ruled out a price freeze and did not “blame” them for the increases. “In the last two months we met with three different secretaries and three ministers, all with different views. Massa knows that industrialized gondola products are the ones that rise the least, well below fruits, vegetables, fresh produce and meat,” a source commented.
Prices Care
The specific measure that the Government transmitted to the food companies was in the meeting that Tombolini held at a lunch this noon on the 21st floor of the German Club, before more than 30 Copal executives. As this newspaper learned, Tombolini seeks to “reformulate” Care Prices, and return to a program “a la Augusto Costa.” In practice, this would mean a decrease in the number of products, which today reaches almost a thousand, a reinforcement of the leading brands so that there are reference prices, and better supply. Precisely to improve supply, companies will ask for “reasonable prices”. Next week the calls for companies to work on the October renovation will begin.
Florence Barragan
Source: Ambito
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