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Wednesday, July 18, 2007

Free Market Empties Ecuador Shelves

Quito, Jul 17 (Prensa Latina) Price increases in agricultural and dairy products generate Tuesday uncertainty among people who demand the Ecuadorian government curb excessive hikes.

Latest reports reveal an increase between 25 and 50 percent of rice, milk, root and other vegetables in the country's markets, reducing possibilities of purchase for people.

According to fruit and vegetable traders, climate changes have caused rain and temperature drops in zones of La Sierra and Costa, which increased cost of those products.

Faced with this situation, the government was incapable of boosting actions to curb excessive increments, because there is no law that controls those prices.

Agriculture Minister Carlos Vallejo stated that the free market model is followed by Ecuador, so the State lacks regulations to face these rises.

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