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La Vega.- The National Foodworkers Federation (FENTA) has called on the Ministry of Industry and Commerce and ProConsumidor, the consumer watchdog, to stop traders from speculating and charging consumers excessive prices for basic goods. Instead of telling consumers they should not let themselves be overcharged by traders, ProConsumidor should defend consumers from their practices, said FENTA.

FENTA secretary Elpidio Santos says he does not understand how traders can say that there is no reason for the price rises, yet oil, milk, chicken, beans and meat are being sold at higher prices compared to two weeks ago.

“When we say that the Industry and Commerce authorities need to act, we do it on the understanding that this entity should have the necessary inspectors to stop the speculative wave that is affecting the pockets of the working classes, which always have to pay for the speculation and usury by traders who only think of profit without caring about the way it affects the neediest sectors”.

Elpidio Santos said that they hoped that the competent authorities would show genuine defensive capacity by creating the effective mechanisms that are needed in order to impose controls on what he described as the “soulless” traders in the country.

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COMMENTS
23 comment(s)
Written by: danny00, 7 Jun 2012 10:46 AM
From: United States, syosset, key west, santo domingo AND NOW THE GLOBE TROTTER
speculation

they cry their is speculation in the price of food and few weeks ago it was gas. why dont these people stop playing the lotto slow up with the presidente cerveza. then when the price of food goes up two or three pesos they will not have a heart attack.
{they should have some money s....t they rob the luz the cable and who knows what else?}
all aboard leos choo choo train.
Written by: ohhhvictor, 7 Jun 2012 11:28 AM
From: United States


speculation?
Jose ano must be behind that scam!
Written by: RoyStone, 7 Jun 2012 11:30 AM
From: Australia
Entitlement mentality. Does the government fix the price on everything?
Written by: Ricardolito, 7 Jun 2012 11:47 AM
From: Dominican Republic, calle A.Portes
I have to agree with RoyStone..the market place is very very free here with thousands of stalls and shops selling all the basics and you can buy direct from the producer in most items .If you want to buyimported food and clothes that is a little different but there is adequate local basic commodities
Written by: foresthill, 7 Jun 2012 1:53 PM
From: Dominican Republic
Its called inflation, the DR peso has less value than it did before but as leonel as the purple plague supports the exchange the price of things will go up.
You get what you vote for, good luck.
Written by: Ricardolito, 7 Jun 2012 2:21 PM
From: Dominican Republic, calle A.Portes
The inflation here is under control especially when compared toSpain and Italy and Greece and other parts of Europe or Argentina or even Brazil . The peso has remained very stable since the election and evenin special large deals the best rate is 39.03 but normall under 39.0 so very little change . No matter what anyone may think about the politicians the central bank here has performed wonderfully well since the world economic collapse .
Written by: anthonyC, 7 Jun 2012 2:59 PM
From: United States
Funny how when prices go up these losers blame those evil speculators.......but when the price goes down? Nothing but silence.
Written by: ymarmolejos, 7 Jun 2012 3:11 PM
From: United States
Foresthill is definitely an ignorant individual.

The peso is actually much more controlled now with the PLD in power.
Written by: Atabey, 7 Jun 2012 3:12 PM
From: United States, NYC

Yes, Roy is correct. The many decades of feeding the people such nonsense has led to the development of the entitlement dependency mentality to take hold of many in DR. It will be very difficult to break this curse of democratic populism. Nations that have tried and partially succeeded like Chile have done so, in part, through massive repressive measures against labor and the anti-capitalist strain in society.

More productivity and greater self-reliance throughout society is needed. The government has to get those that can pay to pay their share and move those too poor at present to greater levels of productivity so as to break the insidious cycle of dependency in DR. Cutting subsidies in the inefficient electrical sector is a must, too.
Written by: stillhere, 7 Jun 2012 9:12 PM
From: Dominican Republic
"but when the price goes down?" hahahaha

When was the last time you saw the price of chicken, rice, potatoes, milk or bread go down in the DR....????

They are say fuel may go down 6p next week...... ??? Even though crude prices have fallen from above 105 in March to about 85 now... But only now we "may" get a drop....
Written by: anthonyC, 7 Jun 2012 9:57 PM
From: United States
Still here.

The price of Natural Gas is at Historic lows worldwide. A product that is heavily speculated and yet I don't hear you and your ilk praising the Speculators.

BTW Many times I have seen the prices in the D.R. drop on many products. Usually for products who's prices ARE NOT CONTROLLED BY THE GOVERNMENT
Written by: RoyStone, 8 Jun 2012 1:46 AM
From: Australia
Ricky, don't forget that when the Peso is artificially propped up by the Central Bank, it is at the expense of the country's reserves.
Written by: stillhere, 8 Jun 2012 8:20 AM
From: Dominican Republic

Was this not something the President was so loudly praised for talking about at the UN by his Seals ....
But something he can't even control in his own country...

"The price of Natural Gas is at Historic lows worldwide." And LPG priced went down here when AC??? When was the last time you had your home gas bottle refilled here???

When was the last time you filled your shopping cart in the DR??????
Prices are going up faster than inflation.....And inflation is "under control"?

Written by: anthonyC, 8 Jun 2012 8:46 AM
From: United States
Written by: stillhere,
"The price of Natural Gas is at Historic lows worldwide." And LPG priced went down here when AC??? When was the last time you had your home gas bottle refilled here???

You mean the Government controlled prices in the D.R. doesn't reflect the FREE MARKET price?

I am shocked...shocked I say!

Funny but here in the US prices for have dropped significantly and is dirt cheap.

As for food prices......Most staples are under government price controls so you have nobody to blame for higher prices except yourself.
Now even the most ignorant of basic economics knows that in a free market prices climb for a various amount of reasons. Everything from the price of fuel to the weather will have an effect.
It isn't my fault that you have NEVER noticed the price of anything dropping.
Written by: RoyStone, 8 Jun 2012 9:12 AM
From: Australia
Gas is heavily subsidized in the Dominican Republic. If the world price drops, why should that be passed on, rather than reduce the government's debt a little?
Written by: stillhere, 8 Jun 2012 9:20 AM
From: Dominican Republic
"so you have nobody to blame for higher prices except yourself. "
Myself..?? you mean for the current government??? or is it me driving up prices???

"It isn't my fault that you have NEVER noticed the price of anything dropping."
Oh I notice it drop 2p one week and go up 20p the next.......

"Funny but here in the US prices for have dropped significantly and is dirt cheap."
Oh that is nice.... "Funny" but this is Dominican Today.. Not USA Today....... So the conversation tends to revolve around Dominican topics and affairs....

So when was the last time you filled your shopping cart or refilled you LPG here in the Dominican Republic????
Written by: pelaut, 8 Jun 2012 9:29 AM
From: United States
Atabey:
"The many decades of feeding the people such nonsense has led to the development of the entitlement dependency mentality . . . curse of democratic populism. Nations . . . like Chile have done so, in part, through massive repressive measures against labor and the anti-capitalist strain in society."

Bravo!

Note 1: Milton Friedman, the Austrian/Chicago school economist and Objectivist/Libertarian philosopher, personally designed the Chilean model and it took decades to turn around. He's dead, however, and even now the socialists are gearing up for another go in Chile.

Note 2: The USSA, the former bastion of western free markets and free minds, can't take your medicine, how in the world can one expect a tiny banana republic to?
Written by: danny00, 8 Jun 2012 10:44 AM
From: United States, syosset, key west, santo domingo AND NOW THE GLOBE TROTTER
From: United States
Funny how when prices go up these losers blame those evil speculators.......but when the price goes down? Nothing but silence.

THANK U FOR THIS COMMENT.
NO CRYING WHEN THE PRICES ARE DOWN YOUR CORRECT.
LIKE LITTLE BABIES AND THEY DO THE SAME S...T OVER HERE IN FLORIDA.
MANY CRY WHEN THE GAS GOES UP 5 CENTS A GALLON BUT THEY HAVE $1,000 TO PLAY ON THE SLOT MACHINES DONT THEY AND TO DRINK THEIR ASS OFF..
Written by: stillhere, 8 Jun 2012 11:03 AM
From: Dominican Republic
danny00

You were doing so well not using the uppercase..... Gives your comments more creditability ... Please keep trying... I for one read it all when you write in lowercase and tend to skip over it when in upper....

But over all putting up good arguments today....

Written by: anthonyC, 8 Jun 2012 1:49 PM
From: United States
Stillhere doesn't understand the fact that the price of basic foodstuffs does not reflect the actual free market price.

When I use LPG as an example he just squawks about he is talking about the DR. He doesn't understand a basic comparison.

USA+LPG+Free Market+Speculators= Low Prices
D.R.+LPG+Government Price Controls=High Prices.

Understand now?
Written by: stillhere, 8 Jun 2012 2:33 PM
From: Dominican Republic

I think you may be missing my point... It is the fact that the government do have controls on prices here but rarely lower the prices or adjust them accordingly .....eg below..

Eg. they buy LPG at a lower price they do not pass on the savings to the public and continue to profit more off a fixed price.... if it goes up, they are very fast to adjust it up....Even when subsidized.
And that is my point....
Understand now????? and how your US "squawks" mean nothing to the topic of HERE.....

Again..... when was the last time you filled your shopping cart, refilled you LPG or put fuel in a car here in the Dominican Republic????
Written by: anthonyC, 8 Jun 2012 4:06 PM
From: United States
Well maybe now you get my point. Allowing the government to control prices is a guarantee of inflation.

Last time? groceries 3 months ago. LPG a year.
Written by: LaCacata, 8 Jun 2012 4:18 PM
From: Dominican Republic, Chulin's Hole and an alley of Capotillo suburbs..
I Live abroad..last time that I filled my gas tank at almost U$5.- ? a year

Last time I filled my grocerie car? 8 month ago..
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