Venezuela implements 20% increase in prices of milk, meat and chicken
Among the measures adopted, Vice President Jorge Arreaza highlighted the income tax exemption for primary production; an investment of USD 32 million in greenhouse vegetable production; a subsidy for sugar production; an increase in the sunflower producer price and reorganization of state-owned agribusinesses
Arreaza said that in the case of milk, the price adjustment would be implemented for dairy, particularly for cheese.
Arreaza made the announcement after a meeting at the headquarters of the Vice President's Office with government representatives and food giant Empresas Polar to address issues such as food production and supply.
The Vice President also announced that the Executive Office took a series of economic measures in order to increase the production of food and basic consumer goods in the country.
Among the measures adopted, Arreaza highlighted the income tax exemption for primary production; an investment of USD 32 million in greenhouse vegetable production; a subsidy for sugar production; an increase in the sunflower producer price and reorganization of state-owned agribusinesses.
Meeting with food giant Polar
With regard to the meeting with representatives of Alimentos Polar, Arreaza reported that "it was agreed that economic actors should stay out of partisan activities and should focus on production. That was the agreement between the parties."
Arreaza added that Lorenzo Mendoza, the CEO of Empresas Polar, attended the meeting at the Vice President's Office. "We shared information, but sometimes the firm's data do not match the data the State has," Arreaza declared.
According to Arreaza, Mendoza is likely to meet with President Nicolás Maduro on Tuesday.
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.