CUBANET ... CUBANEWS

December 14, 2001



FROM CUBA

51 food items to be pulled from "parallel" markets

HAVANA, December 12 (Héctor Maseda, Grupo Decoro / www.cubanet.org) - 51 food items will be withdrawn from the local markets and will only be available in the dollar markets after January because their present cost of production is higher than their sale price, according to government experts.

The Ministry of Interior Commerce announced the decision at a meeting with officials from the Ministry of Prices and Finance.

"The measure was adopted," said one participant who asked not to be identified, "because is costs the country about 50 pesos to bring in a (U.S.) dollar by selling these items, and the exchange rate stands at 26 pesos to the dollar."

Another participant said that products such as oil and different types of drinks will no longer be available in the government-run stores.

In Cuba, there are three distinct types of food markets; those that only sell in dollars, those that only sell subsidized food under the government's rationing plan, and hybrids called "parallel" markets that sell in pesos but at prices comparable to those in dollar markets. This are the markets that will no longer carry the items in question.

Versión original en español


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