The Minister of Agriculture, Fisheries and Agriculture has not specified when it will be, but believes that the date is “closer than far”. However, he recalled that the drought or what is related to the situation in Ukraine will have an impact on the price of food.
The Minister of Agriculture, Fisheries and Agriculture, Luis Planas, has been “absolutely convinced” that food prices will drop, although it has asked consumers for “patience”, since it will still take time to be perceived on the supermarket shelves. “You have to be patient until we get prices down and I think it’s closer than far.”
Questioned about when the drop in food prices will be noticeable, Planas prefers to be cautious, in a week in which the advance data of the CPI will be known. “I do not have privileged information and I do not know what the INE is going to publish. But now we are below the European average, which is 19.2. Inflation is always bad for the economy, and bad for citizens. It is a a phenomenon that we do not control, that rises very quickly and that is very difficult, especially painfully, to control. But, but we are working on it, I think that the entire food chain is undoubtedly making an effort”, he reiterated.
However, Planas has recognized that the drought will impact the price of food, since it will make it more expensive. “I am absolutely convinced that prices are going to go down, but there are also circumstances, such as the drought or what is related to the situation in Ukraine, that are affecting us. There is a clear will from the Government, in the same way that we overcame the pandemic, to overcome this situation”, Planas assured in statements to ‘Today’ from ‘Cadena Ser’, which is collected by Europa Press.
“We are going to see what happens, because various elements intersect. The drop in energy prices and the price of fertilizers is good. But we have risk factors such as Russia’s warning about the Black Sea market. And other factors like drought. We will raise it in the Council of Ministers of the EU”, he has advanced.
In this way, the Minister of Agriculture has highlighted the good functioning and the “effort” that the food chain is making at this time, for which reason “no” he believes that nobody is increasing their margins.
Source: Eitb
I’m Tifany Hawkins, a professional journalist with years of experience in news reporting. I currently work for a prominent news website and write articles for 24NewsReporters as an author. My primary focus is on economy-related stories, though I am also experienced in several other areas of journalism.