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>Bessent: Kamala Price Controls Puts Us On The Road To Becoming Argentina And Venezuela

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Cuban Government Admits Chicken Shortage in Small Businesses Due to Price Controls

Saturday, August 17, 2024 by Ethan Navarro

Cuban Government Admits Chicken Shortage in Small Businesses Due to Price Controls

Chicken - Image by © Escambray / Vicente Brito

Just over a month after the implementation of Resolution 225, whichsets a cap on the prices of basic products, the Cuban government has acknowledged difficulties in small and medium-sized enterprises (SMEs), where the availability of chicken has significantly decreased.

The measure, designed to contain inflation and alleviate the economic burden on the population, has led to a shortage of the product in some markets, affecting both consumers and merchants in Santiago de Cuba, according to the state-run newspaper Sierra Maestra.

The Ministry of Finance and Prices (MFP) had announced that the resolution aimed to temporarily reduce the prices of six high-demand products—chicken parts, oil, powdered milk, pasta, and sausages—in an attempt to curb inflation and protect the citizens' purchasing power.

However, now chicken has vanished from the sales points in the aforementioned province, the regime has admitted.

Yanet Aniuska Vichot González, coordinator of Programs and Objectives for Economic Affairs in Santiago de Cuba, explained that although no business has been closed in the province, the crackdown on price cap violations is a daily battle and is carried out with the intensity required by the circumstances.

The government has also acknowledged that the violations of the resolution have mainly occurred in the sale of chicken and milk, which have accumulated the majority of incidents.

Several merchants and SME owners have explained that the lack of price differentiation according to product varieties has led them to withdraw certain items from the market. They have also requested more support in importing and transporting goods to comply with the new price regulations without affecting product availability.

After the price cap was introduced to halt inflation caused by the government's poor economic policies, many SME owners began hiding merchandise in protest, prompting the Cuban regime to start inspecting businesses.

FAQs on Chicken Shortage Due to Price Controls in Cuba

In light of the current situation involving the chicken shortage in Cuban SMEs, here are some frequently asked questions and their answers to provide more context and understanding.

What is Resolution 225?

Resolution 225 is a government mandate that sets a cap on the prices of basic products in Cuba to control inflation and ease the economic burden on citizens.

Why is there a chicken shortage in Santiago de Cuba?

The chicken shortage in Santiago de Cuba is primarily due to the price caps imposed by Resolution 225, which have led to reduced availability as merchants struggle to comply with the fixed prices.

How are SMEs affected by price controls?

SMEs are affected by price controls as they cannot differentiate prices based on product varieties, leading some to withdraw items from the market and request more support for importing and transporting goods.

What actions has the government taken regarding price cap violations?

The government has intensified inspections and daily crackdowns on price cap violations, particularly focusing on the sale of chicken and milk.

https://www.cubaheadlines.com/articles/287034

>>21435351

>Cuban Government Admits Chicken Shortage in Small Businesses Due to Price Controls

>Saturday, August 17, 2024

Cuban Government Imposes Price Caps on Six Essential Goods

Monday, July 8, 2024 by Isabella Sanchez

Cuban Government Imposes Price Caps on Six Essential Goods

Cuban government caps prices on six products - Image © Facebook / MIPYMES DE CUBA

The Cuban government announced on Monday the implementation of price caps on six high-demand essential goods through a resolution published in the Official Gazette of Cuba. The Resolution 225/2024 from the Ministry of Finance and Prices establishes maximum retail prices for the following products:

Chicken pieces: 680 pesos per kilogram

Edible oils (excluding olive oil): 990 pesos per liter

Powdered milk: 1,675 pesos per kilogram

Pasta: 835 pesos per kilogram

Sausages: 1,045 pesos per kilogram

Powdered detergent: 630 pesos per kilogram

The resolution is presented as an effort to mitigate the impact of inflation on consumers. To achieve this, the government has eliminated the customs duty on imports of these products and set maximum retail prices. These prices take into account acquisition costs, marketing, merchants' profit, and sales tax. Additionally, a profit margin of up to 30% over costs and expenses is established, as long as the prices defined in the resolution's annex are not exceeded.

Minister of Finance and Prices Vladimir Regueiro Ale emphasized that this action responds to the current economic conditions of the country and is part of the government's efforts to protect the purchasing power of the population.

The provision also specifies that the Ministry of Finance and Prices, in coordination with the ministries of External Trade and Foreign Investment, and Domestic Trade, will periodically monitor the import price behavior of these goods to make necessary updates to the maximum retail prices and consider including other products in the list.

Understanding the New Price Caps in Cuba

Here are some frequently asked questions regarding the newly imposed price caps on essential goods in Cuba.

What are the new maximum retail prices for essential goods in Cuba?

The new maximum retail prices are as follows: Chicken pieces at 680 pesos per kilogram, edible oils (excluding olive oil) at 990 pesos per liter, powdered milk at 1,675 pesos per kilogram, pasta at 835 pesos per kilogram, sausages at 1,045 pesos per kilogram, and powdered detergent at 630 pesos per kilogram.

Why did the Cuban government impose these price caps?

The price caps have been imposed to mitigate the impact of inflation on consumers and protect the purchasing power of the population.

Which government bodies will monitor the implementation of these price caps?

The Ministry of Finance and Prices, in coordination with the ministries of External Trade and Foreign Investment, and Domestic Trade, will monitor the implementation and make necessary updates to the maximum retail prices.

First permitted protest to begin in the Loop on eve of Democratic Convention, closures in place

March for Bodies Outside Unjust Lawshave permission from the city to demonstrate on Sunday in the Loop

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ByChristian Piekos WLS logo

Sunday, August 18, 2024 12:55PM

CHICAGO (WLS) – Vice President Kamala Harris and running mate Minnesota Governor Tim Walz are expected to arrive in Chicago this week for the Democratic National Convention.

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The first of two permitted demonstrations will happen on Sunday afternoon in the Loop.

The permitted protest will take demonstrators from Michigan to the Logan Statue by East 9th Street into Grant Park. The demonstration will be about 1.5 miles from their starting point.

We're going to do this in a safe and orderly manner where there are going to be peaceful protests and we welcome them.

Senator Tammy Duckworth

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The protest is called the March for Bodies Outside Unjust Laws.

Demonstrators said they are protesting the Democratic Party's failure to live up to its rhetoric in favor of reproductive and LGBTQ rights.

They plan to rally along with those calling for an end to the conflict in Gaza.

The protest will begin near Michigan and Wacker and is set to begin at 5 p.m. on Sunday.

"We very much are welcoming people to express their right to freedom of speech and in fact, there will be an area that protesters can be in to express themselves," Senator Tammy Duckworth said. "We even created a march route, a parade route so that people can actually mount protest marches if that's what they want to do.

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The next permitted protest is scheduled for Monday near the United Center. Protestors will march from Union Park to Park 578 just a couple blocks north of the United Center.

Organizers said they are now allowed to set up a stage and sound system at Park 578, which is within sight and sound of the thousands of attendees at the United Center.

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The 2024 Democratic Convention comes to Chicago from Monday, Aug. 19 to Thursday, Aug. 22 at the United Center and McCormick Place.