Rise in price of regulated foodstuffs published in Official Gazette

As provided for in the resolution passed by the Ministry of Commerce, the Ministry of Agriculture and Lands, and the Food Ministry, the sale price shall be displayed on the product or packaging

A new price for rice has been set (File photo)

EL UNIVERSAL

Wednesday November 28, 2012 11:58 AM

The new sale prices of precooked corn flour, white rice, and ground coffee were published on Wednesday in Official Gazette No. 40,059, as established in a resolution passed by Venezuela's Ministry of Commerce, Ministry of Agriculture and Lands, and Food Ministry.

Article 2 of the resolution outlines that the given maximum sale prices shall be displayed on the product or its packaging. The regulation also provides that supermarkets and groceries shall display and give preference to the products included in the resolution over those that are not subject to price regulations.

Anyone violating the provisions set forth in the resolution will be subject to sanctions in compliance with the Law to Protect People's Access to Goods and Services.

Translated by Jhean Cabrera

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