Food prices in the wholesale market slowed down in February

Food prices in the wholesale market slowed down in February

In February 2023 they entered 401,279 tons of food to the main wholesale centers in the countrya figure that represents an increase of 17.8% (60,691 tons), compared to the 340,589 tons registered during the month of January.

(This is how food prices have varied in a year).

This is evidenced by the most recent bulletin on food supply and safety, developed by the Rural Agricultural Planning Unit (UPRA)with information from Sipsa del Dane, which compared the food supply between January and February of this year.

For its part, during the month of February there was also a deceleration in the price increase of an important group of products that had been presenting increases, among them are the black potatoes and meats.

In the case of potatoes, there were reductions in all varieties of black potatoes.

(‘Food price controls generate more inflation’).

“The drop in potato prices is a remarkable fact because it included all black potatoes, the reduction exceeded 10% in varieties in great demand such as capira, brown pastusa and the only one. This fact is even more relevant because it occurred at a time when the flow of this and other products from Nariño to the rest of the country was greatly affected due to the collapse of the Pan-American Highway. Historically, when there is an interruption in the flow of products, two very different impacts occur: a rise in prices in the destination city, which sees its supply limited, and a drop in the city that ships or exports the product. explained engineer Felipe Fonseca Fino-General Director of UPRA.

Other products that lowered their prices in February 2023 were the main cuts and presentations of beef, pork and chicken; This fact is positive, compared to the increases registered for these same products in previous months. In vegetables, the most important result was the reduction in the prices of white bighead onion, tomatoes, paprika and carrots, This result was canceled by the rises in rush onion, peas and green beans, and beets.

(Products from the family basket that have gone up and down in price the most).

The other side of the coin was the fruits; Tahiti lemon, tangerines, guavas, papayas, passion fruit, Castilla blackberry, tree tomato and passion fruit became more expensive by more than 10%. This behavior can be explained taking into account that February is not a month where the supply of fruit increases because it is the month where the climate begins to change as a prelude to the winter season of the first semester. However, fruits like common lemons, oranges and soursop fell in price.

The SIPSA report, although it shows general increase in prices during February, this increase is a value that is the lowest in the last year.

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