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Government insists potato price hikes have ‘nothing to do with floods’

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Government insists potato price hikes have ‘nothing to do with floods’

Agriculture Minister Esteban Valenzuela said: “All the potatoes have been harvested and stored, and stocks and distribution on the wholesale market have led to a further 43% jump in prices last week.”

Agriculture Minister Esteban Valenzuela met with the Minister. National Economic Prosecutor’s Office where the Secretary of State provided background information on the investigation of a case. Potato price final rigging .

We have observed a significant increase in the value of this product in recent weeks, even though the harvest should already be over.

In this regard, Minister Valenzuela emphasized Pointed out that the price of potatoes is ‘no’ nothing to do with the flood ”.

“All the potatoes are harvested and stored, and in the last week (the price) has jumped another 43%, including existing stocks, wholesale market distribution,” Valenzuela said.

Potato prices rise more than 40% in a week

The data presented by Office of Agricultural Research Policy (ODEPA) Chilean potatoes confirmed to have only one 12% ton reduction in the market and nevertheless one week price has risen 40% .

accused for this anomaly at the market.

The Secretary of State asserted that the anomaly was not due to a defect in the production area, but rather indicated that there was an adjustment in distribution.

PASO Director Andrea Garcia referred to data presented to support the allegations.

“Today’s potatoes are grown in areas not necessarily affected by frontal systems. that they are saved And we haven’t had any connectivity issues that would justify reducing the trading volume,” Andrea explained.

Finally, Minister Valenzuela imported potatoes “Speculators don’t worry. 200 tons of Argentinian potatoes arrived . This trend could grow further, as interaction helps ensure that no one takes advantage of the family, even when there is abuse.”

He also denied that the situation could occur with other products.

Source: Biobiochile

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