According to official and unofficial reports, inflation continues to decline. However, the prices of a good number of products, especially food, continue their upward trend, and it seems that nothing and no one will be able to stop them. Not even the Ministry of Economy? The naive ask. Well, less so, because its officials “are on the top of their game.”
What if the drought, what if the excess rains, what if the lower production, what if the war in Ukraine and the Middle East, what if the extortion of organized crime to the producers, in short, there are plenty of arguments to try to explain the increases that In some foods they are exorbitant, as is the case of the “little white powder” that is consumed annually by millions of tons; We are not referring to fentanyl, but to sugar, which in just 5 months its price increased 50 percent, which has wreaked havoc on consumers, from small, medium and large companies, to ordinary people.
Last week, the executive director of the Sugar Chamber, which brings together all the country’s sugar mills, Humberto Jasso, a former official of the Ministry of Economy, stated that the aforementioned increase in sugar prices in the indicated period is the fault of of the damned speculators who don’t have a filling station, and who are spreading the unhealthy version that there is no candy in the country, when the “little white dust” even comes out of the ears of the owners of the sugar mills, he meant, well, they exist, According to him, 700 thousand tons in the factory warehouses to cover the demand for the last three months of the year. What Jasso did not say is that the national market “sucks up” 350 thousand tons per month, so there would be a lack of 450 thousand.
On the other hand, many companies, of all sizes, complain that the mills have informed them for a couple of months that they do not have stock, and that it will not be until January when they will be able to sell them sweets from the new harvest, but without guaranteeing price or volumes; They will also have to pay them in advance, or “giving and giving flying sugar.”
Specialists in the field question the executive of the Sugar Chamber – which the novice reporters who covered the event did not do because they do not know about the subject – with the following arguments: 1) Those who set the prices (LAB ingenio) of the candy are the owners of the mills, not the marketers or distributors of the supply centers. 2) The industrialists are the main speculators since no one else produces cane candy in this country, and they are the ones who have taken prices to historic levels, obtaining large profits. 3) The last harvest showed a deficit of almost 1 million tons that could not be covered with imports of 300 thousand tons, in which some sugar industrialists participated.
The Ministry of Economy should be aware of this situation in the sugar market that has been seen coming since the beginning of the year. But since the officials responsible for the sector “are on a rampage,” they did nothing to stop the speculation of the mill owners, and the “superboom” in prices… nor will they do anything.
2023-10-16 06:00:00
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