The measure initially defined as transitory, became permanent in Panama, since the beginning of the Varela administration has been extended nine times, leaving negative balances in some sectors.

Juan Carlos Varela will close his administration with a new extension of the controversial measure that regulates the prices of 22 products of the basic basket, affecting several sectors, including meat producers, who report economic losses.

The president of the National Cattlemen’s Association (Anagan), Aquiles Acevedo, said to Panamaamerica.com.pa that “… In the last four years, meat and pork producers have lost $52 million. Considering that they are losing $13 million per year for the inclusion in the price control of five cuts of meat (rump steak, ribbon steak with bone, prime ground meat, shank, chest with rib), which represent 30% of the carcass.”

The article adds that “…. That is why producers asked to be taken out of price control regulation as the measure has further increased the meat problems of farmers.”

Read full article (In Spanish).