The Minister of Agrarian Development and Irrigation, Victor Maita, reported that the Executive manages the possibility of delivering a new emergency subsidy to mitigate the effect of the international fertilizer crisis on local agriculture, which could cost about S / 350 million during the first three months of execution.
During her presentation to the Zero Hunger Commission of the Congress of the Republic, Maita Frisancho ruled out the proposal to include urea, one of the main fertilizers on the local market, in the Fuel Price Stabilization Fund (FEPC), given the meager result on other petroleum derivatives.
“We have agreed, at the level of the Executive and the Ministry of Economy, a third measure, similar to that of the FEPC. We could incorporate the fertilizers into this fund, but I think we have to learn that this did not work with LPG and BX Diesel. Although it is true that the price decreased, after a month it is no longer felt ”, he remarked.
In this sense, he announced that the new device will be added to the bonds previously given to farmers to compensate for the purchase of synthetic fertilizers. Midagri’s proposal is to occupy more than 7 billion soles in a seven-month program, which covers the entire agricultural season.
“We are implementing this measure that will reduce the price of fertilizers to at least 100 or 150 soles. We are working on a type of economic subsidy, so that you feel that this decreases. It is being discussed at the Executive level that a budget of S / 350 million could be had for three months, although as a sector we would like for 7 months, which would require little more than S / 7 billion”, Informed the minister.
Finally, the head of Midagri asserted that the Government’s objective is to avoid that the extra cost in the cultivation of staple foods is transferred to the end user, which could happen next year, once this crop season is over.
“The purpose is to guarantee the agricultural campaign, that there is no shortage of food and that the consumer is not overloaded. If we do not solve this as a State, the market will correct it, and the cost of basic necessities, such as rice, potatoes and others, will begin to rise, “said Maita.
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