The people of Ecuador are rising up to refound their country as a pluri-national homeland for all. This inspiring movement, with Ecuador's indigenous peoples at its heart, is part of the revolution spreading across the Americas, laying the groundwork for a new, fairer, world. Ecuador Rising aims to bring news and analysis of events unfolding in Ecuador to english speakers.

Wednesday, July 25, 2007

Ecuador to Fix Staple Food Price

Quito, Jul 23 (Prensa Latina) Ecuadorian Cabinet Minister Gustavo Larrea will issue a list of price for the family shopping basket due to the salesmen refusal to cut food prices.

The meeting with governors, majors, the police and members of the Consumers' Court will try and fix milk, chicken, rice and oil prices that suffered a recent unjustified rise.

The statesman reminded that Ecuador exports surplus rice to Colombia so the government will ban such exports until national sales price are stabilized.

He added that the litre of milk is paid at $0.30 cents and $0.32 cents, so he will not admit it at $0.60 cents at the market.

The new prices will be announced Tuesday if the traders reject President Rafael Correa's request to end speculation.

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