Less than a month after the government’s request so that prices do not increase, companies send new lists with increases to inflation to inflation again. According to data from the retail sector to which it accessed Page/12hypermarkets and wholesalers already have increases of up to 9 percent in Farinaceos and oils. The phenomenon of remarks also has a peculiarity: it occurs at a time of strong drop in sales and even negative balances of large food firms. In summary, the government of Javier Milei not only does not make consumption withdrawal because it demonstrates salaries, but to the private ones do not seem to reach several months of dollar artificially ironed to sustain prices under control.
“What the government does not understand is that inflation is not close to NI of 1 or 2, much less than 0,” an important businessman of one of the most important wholesale chains told this newspaper, That he no longer has a back or stock to do what the Casa Rosada asks: Do not take lists of increases. This premise was given after preventive remarks that were made after the agreement with the Monetary Fund (IMF) and the opening of the stocks. The government argued that the devaluation had not occurred, but companies argued that the dollar in 1200 pesos is a devaluation of between 10 and 12 percent.
In that scenario, days ago, the Minister of Economy, Luis Caputo, brought together the large nucleated supermarkets in the United Supermarket Association (ASS), to thank them not to take new lists. In that mythy, “Toto” bleached that it is being very difficult to control the remarks of the companies that make up the Food Producers Coordinator (COPAL). They also said that the hardest firms are the mills and the oils, which do not yield to the official order.
In the light of the facts, Caputo seems right. during this week, oil General Deheza (AGD) sent lists with 6 percent rises; Molino Cañuelas, meanwhile, passed 7 in flours, 9 percent in olive oil and 4.5 in sunflower oil. Bunge, on the other hand, also rose 4.5 percent on sunflower; Like Molinos Río de la Plata, one of those who had been praised by Caputo for having circumstantially retired the lists with increases. According to data to which this newspaper accessed, there were also increases greater than 5 percent in drinks with and without alcohol and in some sweet cookies.
In the case of flour, it should be noted, it had already had a very strong rise, between 12 and 15 percent, during the month of March. That is, they are increasing in layers that Caputo fails to contain. To tell the truth, the method of prices intervention did not yield to their predecessors, but it is curious that the libertarians try a methodology of controls that they themselves called for failures.
Molinos, in red
After the supermarkets rejected their price increases and received the support of Minister Caputo, the food giant Molinos reported losses in his last balance. The company awarded that negative result in the first quarter of the year to which its prices “increased below costs.”
The company’s report said that “with unit costs nominally increasing above prices (24.0% vs 8.4%), the net result was negative for $ 5,460 million,” said the company.
Molinos registered at the close of the first quarter net income for $ 199,548 million, which implied a 25.9% drop in real terms with respect to the same period of the previous year.
Although it reached an increase in its sales volume in the 6.1%local market, the company said that “this was more than compensated by a strong price drop in real terms, since they were adjusted during the last mobile year only in 8.4%nominal, while inflation recorded by INDEC was 55.9%, in the same period.”
Anyway, they clarified that “before a scenario of still depressed consumption, in which the main market consultants registered a drop of 8.6% quarter against quarter, the company maintained its approach to preserve the proper positioning of its brands, trying to offer the greatest possible accessibility to consumers in each of the categories in which it operates,” he said.
He said that as a result of this strategy, he returned to register a “generalized increase in market share.”
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