Santo Domingo.– National Institute for Consumer Protection (prosumidor) Today it was announced that starting Monday a series of specific actions will begin aimed at ending speculation in the marketing of sugar.
Eddy Alcántara, executive director of Pro Consumidor, said that after the research process carried out by the organization they have been able to verify this in the country, and despite an initial slowdown in the production of this basic product of the food basket, this Sweets from year will be enough to satisfy national demand.
In this sense, he pointed out that the sugar import license granted by the Government is sufficient to compensate for possible shortages caused by low production due to atmospheric phenomena and other factors “so that the product reaches consumers at prices determined by the State.” resolution. “Dominican Sugar Research Institute (INAZUCAR) No. 01-2023”.
He also said that the country’s sugar producers are starting production according to their own production capacity and shipping on time to ensure that the local market is fully compensated by imported supplies.
Regarding the actions that Pro Consumidor will undertake to combat hoarding and speculation, Alcántara said that these actions “will target the sectors that have been identified and that force merchants to buy products at a cost higher than that specified in the resolution mentioned, knowing that they are controlled” This stipulates the interests of each link in the marketing chain. “
The official went on to say that retailers are forced to sell at a premium “as those who hoard products force them to accept smaller quantities and higher prices than agreed upon.”
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On the other hand, the Executive Director of Pro Consumidor announced that he will prepare a detailed report to be presented to the President of the Republic, Luis Abinader, in which he will explain the components of the speculation strategy with the price of sugar and the sectors that retain, in order to force him to modify INAZUCAR’s resolution and increase the price to the final consumer in an attempt to obtain greater benefits.
Alcántara also said that he would make the pertinent recommendations to the president “so that, except for his best opinion, actions and measures are taken to try to eradicate this practice.”