Nicaraguan Government
Counters Rise in Prices
The Nicaraguan
Government removed
import tariff to several
basic products and
started to sell beans at
lower than market prices
to curb the rise in food
prices.
According to a
communiqué by the
Ministry of Industry and
Commerce released on
Thursday, imports of
flour and products
containing oats, barley
and soy, as well as
pasta, are duty free.
The entity announced
that the measure will be
in force during the next
six months and the list
of tariff-free products
will increase.
Today, the government
started to sell red and
black beans at 12 and
six cordobas per pound
($0.64 and $0.32),
respectively, in six
densely populated
Managua neighbourhoods.
In the last few weeks,
due to damages caused by
heavy rain and the
speculation triggered by
hoarders, the pound of
bean, a staple in the
Nicaraguan diet,
exceeded 20 cordobas
($1.10).
State-run Nicaraguan
Basic Food Business (ENABAS),
supported by the
Councils of the People's
Power, are in charge of
these sales at
affordable prices
promoted by the
government of President
Daniel Ortega. |
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