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October 14, 2025
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Up to 16 thousand pesos fine in agricultural markets in Havana for speculation

Up to 16 thousand pesos fine in agricultural markets in Havana for speculation

Fines of up to 16 thousand pesos were imposed by the authorities in Havana in the last few hours, in the midst of an offensive to “supervise” and “control” prices in agricultural markets.

The stop The governor put it days ago of the capital, Yanet Hernández Pérez, after issuing a resolution that established the maximum purchase and sale cost for the commercialization of agricultural products.

OK with the Cuban News Agencyin Plaza de la Revolución the municipal Directorate of Finance and Prices fined a seller 16 thousand pesos for exceeding prices on nine products.

Meanwhile, at the 17th and 8th fair, another vendor was fined 10 thousand pesos for selling peppers at 380 CUP and cucumbers at 70 CUP, and 7 thousand pesos for not displaying prices for donkey plantains.

In Arroyo Naranjo, the Mina Street Fair accumulated fines of 29 thousand pesos, including three of 8 thousand for overpricing and one of 5 thousand for lack of visible prices.

Controls in Alamar, Diez de Octubre, Guanabacoa and La Lisa imposed sanctions of 2 thousand to 16 thousand pesos, accompanied by confiscations in cases of speculation.

The measure seeks, according to the document signed by the official, to “guarantee greater equity and transparency in access to food” and reinforce state control in an economic context marked by inflation and shortages.

The confusion and mistake of capping prices

The regulations establish price limits for producers, wholesalers and retailers in different distribution channels. According to Havana Tribunealso includes state markets managed by Acopio, the Youth Labor Army and urban agriculture sales points.

Likewise, it sets maximum retail prices for supply and demand markets, non-agricultural cooperatives, self-employed workers, street vendors and agricultural fairs.

Unlike previous regulations, in Havana prices will not be agreed upon at the municipal level, but will govern uniformly throughout the province.

The resolution annuls regulation 69 of April 28, 2025 and other previous provisions related to the approval of wholesale and retail prices.

After the recent announcement of this measure, the economist Juan Triana Cordoví warned in OnCuba that one of the effects will be the retraction of supply in the “formal markets” and its diversion towards the black market channels, which generates an increase in prices, because the risk is paid for. “It has already happened on other occasions,” he added.

The expert recalls that “the maximum price cap has not had the expected results, even though “it has been one of the preferred regulatory instruments.”

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