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  HOME | Cuba

Cuba Sets Ceiling for Prices of Farm Products

HAVANA – The Cuban government – starting Tuesday – set maximum prices on select agricultural products with the aim of protecting both consumers and agricultural producers, state-run media reported.

The measures will result in an “increase (in) the supply of agricultural products in high demand and their sale to the public at maximum established prices,” says the official announcement by the Finance Ministry published in the state-run dailies Granma and Juventud Rebelde.

The maximum price levels will apply to vegetables, grains, fruits and common items in Cuban cooking, including plantains, beans, cassava and taro root, mangoes, papayas and pineapples, among other products.

The new measure establishes that “the maximum prices correspond to the top-quality products, according to prevailing regulations.”

To products of slightly lower quality, a discount of 20 percent will apply and to those of third-level quality, a 40 percent discount, the text reads.

The announcement emphasizes that the measure is connected to a pronouncement made at the recent 7th Cuban Communist Party Congress, where delegates discussed the ongoing increase in prices for agricultural goods in a country where the median monthly salary is around $23.

At the conclave, authorities decided that the country’s top leadership would not stand “idly by amid in the face of the public’s irritation over the unscrupulous management of prices by intermediaries who are only thinking of earning more and more.”

On April 22, the government announced a reduction of about 20 percent in retail prices for a group of basic products, in particular food items.

 

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