Tue | Sep 19, 2017

Cuba sets price controls for fruits, vegetables

Published:Wednesday | May 4, 2016 | 5:05 AM
Workers ride on the back of a truck loaded with vegetables to sell at the market in Havana, Cuba.

HAVANA (AP):

Cuba said it is setting limits on the prices of fruits and vegetables in an attempt to calm public complaints about rising food costs.

The government announced yesterday that farm products sold in state-controlled markets would have prices capped at levels affordable for the average person, who earns a state salary of about $25 a month. Tomatoes will cost eight cents a pound in season and 17 cents a pound out of season, several times less than the current price in most markets.

The measure contains a series of exceptions for private vendors, allowing them to continue to set prices for their goods that are often far higher than prices in state-controlled markets.

The announcement called the price limits a stopgap measure, acknowledging low production is the root of the problem.