The Government agreed with industrial bakers on a price for a kilo of bread that will be between $220 and $270. This value will govern throughout the country, for a period of three months, according to the Ministry of Internal Trade.
This price for bread will be in force from the start of the Argentine Wheat Stabilizer Fund, a compensation mechanism through which the National Government guarantees the decoupling of the local price of a ton of cereal from international prices.
The agreement was signed by the Secretary of Commerce, Roberto Feletti, and representatives of the Argentine Federations of the Bread and Allied Industries (FAIPA), the Industrial Bakery of the Province of Buenos Aires (FIPPBA), and the Bakers Industrial Chambers of the Autonomous City of Buenos Aires and Bakers of Salta.
In this sense, the price of a ton of wheat will be set at $25,000, which is the price in February. With which, the bag of triple zero flour will be at $1,150 and the 0000 at $1,380. The mills are going to have to deliver the bag of industrial flour at that price, because the State is going to subsidize the difference of what the ton of wheat is worth, according to the official.
Feletti also met with the Association of Owners of Pizzerias, Empanada Houses and Related Activities and the Federation of Entities of Manufacturers of Fresh Pasta of the Argentine Republic (FEFaPaF) and the Center of Manufacturers of Fresh Pasta of the Province of Buenos Aires and the Association of Small and Medium Milling Industries of the Argentine Republic (APYMINRA).
🤝 We signed an agreement with the bakery chambers that establishes reference prices -between $220 and $270- for a kg of French bread throughout the country for 90 days.
➡️These values will be in force from the implementation of the #WheatStabilizerFund#AgainstInflation pic.twitter.com/p3vpBwbeOf
— Roberto Feletti (@RobertoFeletti) March 29, 2022