The Dominican government intervenes to stop the increase in banana prices

Given the alarm caused by the rise in banana prices in the Dominican Republic, which have reached the value of 30 pesos, the Ministry of Agriculture has informed that it will buy 150,000 banana units directly from producers through the National Price Stabilization Institute, Inespre, to stabilize the price of the product in neighborhoods and communities.

This isn't the first time the banana has attracted the attention of consumers, generating complaints of all kinds due to their high cost. Some time ago, prices increased so much that it was necessary to authorize imports to try to stabilize them.

In a press statement, Minister Osmar Benitez said that there was enough national offer to maintain stable prices. He also said that in their last meeting with producers, producers had offered to sell the product for 12 pesos per unit, which would benefit them and the population.

However, taking into account the intermediation chain that follows a product before reaching the consumer's table, if the producer sells the bananas for 12 pesos, the customer ends up receiving it for a much higher price. Consumers could obtain the product for a lower price if they purchased the product at the few points that Inespre has.

According to the minister, the banana shortage originated from the drought that affects the country, especially in the central Cibao which does not have a canal irrigation system, in addition to the three tornadoes that affected that region this year.



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