Quotas stay in drive to import primary grains with out tariffs – 2024-06-01 17:11:07

Consumption

Quotas stay in drive to import primary grains with out tariffs

The federal government introduced an consciousness marketing campaign to keep away from hypothesis with the costs of primary grains.

Beans are one of many primary grains that has elevated essentially the most in worth over a interval of 5 years. (Photograph, Prensa Libre: Hemeroteca PL).

Using quotas for importing primary grains with out tariffs by corporations concerned about bringing these merchandise to the nation continues to be beneath 50% of the overall authorized, said yesterday the Minister of Financial system, Gabriela García.

The implementation of quotas for primary grains akin to rice, beans and corn to be imported with out tariffs to forestall a attainable scarcity is a measure talked about by the federal government to decrease the price of the essential basket.

The discharge of import taxes for black beans, white and yellow corn, and paddy rice is a measure that seeks to make sure the entry of primary grains “so that there’s sufficient product out there, that there isn’t a hypothesis attributable to shortages and crop costs.” primary basket go down,” stated President Bernardo Arévalo.

The awarding of quotas doesn’t imply that the grain has already been delivered to the nation and positioned available on the market in its entirety. For instance, the entry of 55 thousand metric tons of white corn was licensed, which got here into impact on Might 1 and solely 34.6% has been awarded to these concerned about importing, in response to information as of Might 24. For black beans, the quota is 15 thousand metric tons and 12.2% has been awarded.

The quotas which were in drive since January 2024 are these for yellow corn for 750 thousand tons (33.9% has already been awarded), whereas that for rice, for 70 thousand tons, has not been awarded.

The pinnacle of Mineco introduced that she is going to reinforce the monitoring marketing campaign with the Client Companies Directorate (Diaco) to confirm compliance with the costs of essentially the most consumed primary basket merchandise.

President Arévalo added that Guatemalans should resolve the place to purchase the merchandise, “favoring those that supply the most effective costs.” “That may keep away from hypothesis and worth will increase,” he added.