In this way, we seek to maintain stability in the share of the flour bag as a component of the cost of the products derived from it.
Through Resolution 1860/2023 of the Commerce secretarypublished this Thursday in e l Official Gazettethey were updatedThe reference prices for wheat and its derived products. The text establishes that the new prices will come into effect from the day of their publication in the BO, that is, this October 26.
The official text establishes that the National State has the duty to guarantee the rights of the population, “particularly access to basic goods, such as wheat flour”. Likewise, that the implementation of the Argentine Wheat Stabilizing Fund seeks to guarantee a reference value for wheat in the domestic market, which allows maintaining stability in the share of the flour bag as a component of the cost of the products derived from it. .
The Resolution maintains that the National State has been adopting a series of public policies that seek to stabilize the prices of products in favor of the consumer, such as the “ProgramFair Pricesyes.” To improve the impact of these policies, Therefore, it is necessary to update the reference prices of wheat and its derived products.
Consequently, the measure updates the reference prices for wheat and its derived products, with a cumulative increase of 77.5% for the first 10 months of 2023. “These figures are well below those reflected by the INDEC for the price of French bread in GBA and the General CPI”.
The main points of the resolution:
In the annex to the measure it is indicated that the prices are without taxes and at the exit of the mill, that is, before including delivery costs. In it, the prices of 000 common flour, 000 quality 24/26 gluten and 000 quality 26/28 gluten. The prices are per 25 kilo bag, and to convert to bulk value you must multiply the price by 39.25.
Likewise, when adding logistics costs by region: They are 3.50% for the province of Buenos Aires and the Autonomous City of Buenos Aires, 5.50% for the center, Cuyo and the Litoral, 7% for the NEA and NOA, and 10.5% for Patagonia. The reference price per ton of wheat is $59,585.07.
The measure indicates that the prices of the annex will be updated monthly by the enforcement authority. The update will be based on the following parameters:
- 40% of the monthly variation of the average theoretical FAS value in pesos published by the Secretariat of Agriculture, Livestock and Fisheries of the Ministry of Economy.
- 30% of the monthly variation of the Wholesale Price Index (IPIM) of the last month available on the website of the National Institute of Statistics and Censuses (INDEC).
- 30% of the monthly variation of the Salary Index published by the National Institute of Statistics and Censuses (INDEC).
If the previous formula returns a value less than 1%, The minimum monthly adjustment will be 1%.
In summary, the text establishes the prices of the main milling products in Argentina, as well as the logistics costs by region and the monthly price update formula.
Source: Ambito
