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Food price controls extended

Posted on July 5, 2016 in Panama

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THE GOVERNMENT’S  faltering price control plan has been extended for  another six months. The current controls were put in place on January 5 and extended by Executive Decree on July 5.

The original initiative was created by Executive Decree No. in July 2014 and originally was only valid for six months. The price of the basic food basket has continued to rise in recent months.

The order establishes a maximum selling price for 22 products.

In the list of regulated products are babilla, steak on the  bone, ground beef, hock, chest rib, whole Panama chicken, regular pork chops,, rice, and yellow onions domestic and imported and yams

Also listed are  potatoes , national tomatoes, cassava, medium eggs (dozen and individual), milk powder, lentils, macaroni, white bread (beans, yellow American processed cheese, processing , tuna and sausages containing beef.


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