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SANTO DOMINGO. - A Mexican expert affirms that despite oil’s strong impact on the Dominican Republic, this country’s problem isn’t the food supply, and instead is of cost inflation, because 80 percent of the food it consumes is produced here.

René Villareal, president of the Intellectual Capital and Competitiveness Center (Cecic), said the modernization of the commerce of provisions sector and the establishment  parameters  cooperative competition are key to deal with the food crisis, which in the Dominican case isn’t about supply, but the increase in the costs of products.

The economist, speaking Thursday morning in the Global Foundation for Democracy and Development (FUNGLODE) conference: Global food crisis and the challenges for the commerce of provisions: towards a competitive modernization program,” said this crisis has been characterized by an international rise in food prices since 2007.

FUNGLODE organized the activity in collaboration with the National Front of Retailers, Wholesalers, Supermarkets Owners and Suppliers.

SOURCE: listin.com.do

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COMMENTS
3 comment(s)
Written by: greenwave This user is banned, 8 Aug 2008 1:58 PM
From: Dominican Republic
That we knew! People don't have enough cash to purchase items and services. In turn, the producers are facing higher energy and raw material costs and without people purchasing their services, their bottoline is dropping to below business survival mode. Tell me something new like CAFTA_DR is destroying the production means of DR in favor of imports (changing consumer behavior and taste in favor of foreign products) for example!
Written by: ArsenioALembertJr, 8 Aug 2008 7:18 PM
From: United States, (on Sabbatical)
René Villareal, president of the Intellectual Capital and Competitiveness Center (Cecic), said the modernization of the commerce of provisions sector and the establishment parameters cooperative competition are key to deal with the food crisis, which in the Dominican case isn’t about supply, but the increase in the costs of products.

He's quick to analyze and diagnose a solution for DR. What does he say of Mejico, or the rest of Central America who are scurring accross the southern borders of the US, for a piece of the American Dream Loaf? Has he any solutions there? Please, consult someone from somewhere else if you want a "real" opinion. Mejico has the world's largest flood of peasants clamoring for a plate of food. Visit any garbage dump in Mejico City, you'll see! "Intellectual Capital blah blah"? Who gives these guys visas? Cheetah or maybe Dumbo? Give us a break? Stop holding these false seminars or photo-ops; People are hungry, stop the Shenanigans, Bozos!
Written by: hectorvargas, 9 Aug 2008 9:59 PM
From: United States
In D.R. business/ producers and retailers/ form the supermarket to the corner grocery store -- these people don't care about people in general - if they can or can't affort to buy at the prices that they set. It is true that in D.R. there is no food crisis and it is true that prices of basic food items as well as other items are inflacted. I had stated in other comments that businessmen are depending more on the dominicans that are receiving money from their relatives who are living mainly in the U.S. The government alloweds this to take place and from time to time it puts out its own selling posts to compensate the less fortunates who can't affort the high prices until it runs out or is pressure to discontinued such progams. The excuses used by many is the illusion of what is costing them to produce but in reality what they want is their profits intake to be multiply many times over; if it costs $1.00 peso to produce they want $5.00 dollars not $5.00 pesos.
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