Trade: Minister holds talks with rice and fish importers on rising prices

The Minister of Trade Luc Magloire Mbarga Atangana has held two separate meetings with rice and fish importers this Wednesday 20th March 2019.

For over three hours with each group, the Minister discussed the price increases.

He said rice and fish are amongst the most highly consumed foodstuffs reason why the prices need to remain affordable.

He wondered why the price increases.

A kilogram of rice formerly at 350frs and 450frs is now sold at 450frs and 550frs respectively.

Importers associate the increase to the high taxes, customs duties and the cost of transportation to different regions.

After hours of negotiating, both parties reached an agreement.

They understood to apply a standard price for these commodities.

The difference in prices from one region to another will be based solely on the cost of transportation.

The case of Yaounde and Douala

A kilogram of rice of premium quality: Bijour, Neyma

Douala = 410frs

Yaounde  = 425frs

Other inferior brands

Douala –  330fts

Yaounde – 350frs

Commonly consumed fish

Price to range from 650frs to 1350frs per kilogram.

All parties of the meeting were agreed that there is no scarcity of these high consumption foodstuffs in the market.

The Minister of Trade promised to personally carry out field inspections to ensure these prices are respected.

He warned that importers or retailers who will not apply the prices will be sanctioned.

 

 Bruno Ndonwie Funwie

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