High Consumer Goods: Government Assures of Price Stability
By Godlove BAINKONG, Cameroon Tribune, 02-07-2014
Trade Minister and businessmen of the sector concerted on Tuesday on stocks and distribution.
Against a backdrop of readjustment in fuel prices, which took effect
from yesterday July 1, 2014, the government of Cameroon informs the
general public that prices of high consumer goods (rice, fish, table
oil…) remain unchanged. Trade Minister, Luc Magloire Mbarga Atangana,
made the disclosure yesterday during a concertation session with
business people of the sectors.
Minister Mbarga Atangana noted that although the concertation fell
within his traditional quarterly meeting with the businessmen to ensure
that there is enough stock of the goods for national consumption,
yesterday’s conclave, he said, was peculiar. Coming on the heels of
government’s readjustment of fuel prices to save money for other
growth-induced projects, the Minister said the concertations were to nib
in the bud manipulations by unscrupulous business people which could
range from speculation to price hikes. He noted that the readjustment in
fuel prices has nothing to do with imported rice and very little on
that produced locally likewise fish and so there is no room for price
hikes whatsoever. “Importers and wholesalers have assured us that there
is enough stock. We are then certain that the second quarter is
guaranteed. Since 2008, there has not been any problem of supply in the
market and it should not be the case now,” he said.
“We usually meet business people to discuss on the supply of the
market and naturally on the level of the prices. But for the second
quarter with the adjustment of fuel prices, we think that some dealers
in these products can attempt to take advantage of this situation to
increase prices of these products in the market. I have told them that
government will never accept any increase in the price of these
products” Minister Luc Magloire Mbarga Atangana intimated.
It emerged from the separate meetings that available stocks of
imports and local production of rice is estimated at over 220,000 metric
tons and could supply the national market for four to five months.
Meanwhile for fish, stakeholders said there is enough stock for the
months ahead pledging to do everything to maintain the price.
The Minister equally met with dealers in vegetable oils and other
byproducts, flour and poultry to discuss and pass across the same
message. Presidents of consumer trade unions who took part in the
meeting pledged to sensitise consumers and to accompany control caravans
scheduled for markets beginning this Wednesday.
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