After unsuccessful talks regarding "fair prices", Chavismo decides that it wants 70% of everything

[GatoGordo]

The government set prices for items, but did not announce them
Producers are unaware of the reasons why the Executive differed on Saturday to disclose information about the agreements



By CARLOS SEIJAS MENESES
JULY 10, 2018 01:55 AM

Although the prices of some items were already established, the government decided at the last minute to postpone the announcement about the amounts of the products of Plan 50, which they set after "three intense weeks of talks," said President Nicolás Maduro. The president had said that the information would be provided by the vice president of the Economic Area, Tareck el Aissami, last Saturday.

Unofficially, it was learned that at the meeting the price set for the kilo of corn was 250,000 bolivars and that of rice at 200,000 bolivars to the producer.

"At the work table, the instruction of the vice president of the Economic Area to agree among the economic actors on the price of white table rice at the level of the final consumer was followed," according to a document on "arrangements reached."

The "fair" price of the kilo of rice for the consumer would have been agreed at 1,273,082 bolívares. While the coffee would be between 7.6 million and 5.7 million bolivars, depending on the degree, which ranges between 3 and 5. The price of levels 1 and 2 would not have been set.

-nip-

http://www.el-nacional.com/noticias/economia/gobierno-fijo-los-precios-rubros-pero-los-anuncio_243343

In reality, the producers insisted that prices fluctuate (in the US dollar) with the costs associated with doing business. Chavismo was having no part of that, insisting that producers sell their produce at prices associated with the Bolivar (worthless) and prices NOT move (daily hyper-inflation rate is approaching 5%) for 3 months.

Remember, Chavismo said when they first sat down with producers that they were not going to dictate prices... which they promptly did with the first breaths out of their mouths.

Now, Maduro et alli has decided that instead of coming to any agreement, that Chavismo will simply TAKE (for the good of everyone!) 70% of everything and "disperse" it according to how Chavismo thinks it needs dispersing. Naturally, these producers will be compensated "fairly"... which means that whatever they are producing now, they won't have any of next week.