Newly appointed Food Production Minister, Devant Maharaj, yesterday shied away from commenting on rising food prices. The Central bank in its repo-rate announcement on Friday said recent data released by the Central Statistical Office showed headline inflation, measured by the 12-month increase in the index of retail prices rose from 11.8 per cent to 12.6 per cent.
Food prices-mainly fruits and vegetables-were the main driver of headline inflation accelerating to 28.3 per cent, up from 26.1 per cent in April. "On a 12-month basis, fruits and vegetable prices rose by 41.4 per cent and 45.2 per cent, respectively, in May (compared with the 48 per cent and 34.3 per cent in April."
Maharaj said, "Until I have a better sense of what the ministry has been doing from the last report from the Central Bank, which showed that food inflation was down, I would comment." Maharaj said he needed to find out what caused the increase. "It would not be responsible if I just come out and make any wild statements."
Maharaj said he intends to meet some farming groups in Central next week to continue the work of former food production minister Vasant Bharath who had implemented a 2012 to 2015 action plan to turn around the agriculture sector. He said he was studying the plan. Maharaj will meet divisional heads at Centeno tomorrow, he said.
The new minister promised to hold regular discussions with farming communities to address their concerns. "This is with a view to increase food production to reduce the country's $4 billion food import bill." Meanwhile, president of the National Foodcrop Farmers' Association Terrence Haywood said farmers need to ramp up food production to reduce inflation.
Haywood said he knows for a fact that pawpaw has been scarce on the market. "Many of the paw paw fields in the country were wiped out due to diseases. So customers have to pay a pound and a crown for this fruit." In some markets, Haywood said, pawpaw which was sold at $4 per pound, is now being retailed at $6 and $7. In Port-of-Spain, five small gala apples which sold for $10 are now priced at four for $10.
Pears lovers now have to dig deeper in their pockets as the three for $10 bargain at some fruit stalls have stopped. It is now sold at $4 each. Red grapes have jumped from $18 to $20 a pound.
