During the 13th plenary session, the deputies of the Legislative Assembly approved the amendment to the Budget Law, allocating US$3 million to the recently created Centro de Comercio Agropecuario (CDCA). This fund, which comes from the General Fund, will allow the CDCA to begin operations in the current fiscal year.
In this regard, Congresswoman Sandra Interiano emphasized that this new entity will be fundamental to ensure a continuous flow of staple products to consumers, helping to keep food prices affordable in the long term. “The situation has improved with the installation of agromarkets throughout the country, a measure that has helped reduce the high cost of the basic food basket”, said Interiano.
With the new budget, CDCA will be able to establish more distribution points and strengthen the network of agro-markets throughout the country, directly benefiting consumers. Likewise, these actions are crucial to guarantee food security and the nation’s economic stability.
In addition, the work carried out by the institution will contribute to eliminate speculation in the market and will allow the price of food to be accessible and maintained in the long term.
Interiano said that the creation of the CDCA will facilitate the direct connection between producers, distributors and retailers, eliminating intermediaries and improving the distribution of essential products. This measure not only ensures food availability, but also combats market speculation.
It should be noted that the CDCA is part of phase 1 of the Economic Plan of the Government of El Salvador, whose objective is to protect the pockets of salvadoran families and face inflation generated by external factors. In this phase, tariffs have been eliminated on more than 100 products of the basic food basket for a period of 10 years.