The Ministry of Commerce set new reference prices without taxes for flour at the exit of the mill, through resolution 29/2022 published in the Official Gazette, within the framework of the Argentine Wheat Stabilizer Fund (FETA).
Thus, the values that will govern from this Wednesday for the 25-kilogram bags were $1,472 for flour 000 and $1,767 for type 0000; while for tapera flour and semolin it was set at $1,914.
In the case of the ton, it was established at $57,776 for 000 flour and at $69,355 for 0000; and for tapera and semolín $75,124.
These are increases of between 3.88% and 3.94%, depending on the type of flour compared to the last prices set on September 13
In all cases, these are increases of between 3.88% and 3.94%, depending on the type of flour compared to the last prices set on September 13, the month in which an increase was made. 9% for all varieties.
The increases take into account as a reference the variation of the FAS price of wheat by 40%the monthly variation of wholesale inflation by 30% and the monthly variation of wages by the other 30%.
The prices are without taxes, at the exit of the mill, without delivery costs, and they must include the following logistics costs by region: city and province of Buenos Aires, 3.50%; Center, Whose and Coast, 5.50%; NEA and NOA, 7% and Patagonia, 10.5%.
The FETA was arranged through decree 132/2022 of March 19, “due to the sustained increase in the price of food” that “strongly impacted wheat, corn, sunflower and its derivatives from the beginning of the war conflict between the Russian Federation and Ukraine”
The implementation of subsidized prices seeks to guarantee a reference value for wheat in the domestic market
The implementation of subsidized prices seeks to guarantee a reference value for wheat in the domestic market, “which allows maintaining stability in the participation of the bag of flour as a component of the cost of the products derived from it.”
The increase in the reference prices for this month, indicates the resolution in its recitals, it seeks to “improve the impact of the tool both in the cost structure and in the product to the consumer”.
For it, is “necessary to increase the supply of flour with compensation in the market and, likewise, update their values so that they are consistent with the evolution of the rest of the components of the cost of products derived from wheat flour”.
The financing of the fund is obtained from the proceeds after the removal last March of the differential in withholdings that industrialized soybean products were taxed with respect to beans, equaling the 33% that the latter is taxed.
