Ver Angola


Economic authority denies significant rise in prices of basic basket goods

The National Authority for Economic Inspection and Food Security (ANIESA) denied a “significant rise in prices” of basic food products, especially chicken and rice, saying that the complaints stem from “hoarding actions” by traders.


ANIESA, in its report of activities carried out in August and released this Monday, says that it has received complaints from consumers about the rise in the price of some products of the basic basket, admitting, however, implications of the international market and the war on Ukraine.

According to ANIESA, the United States of America and Brazil were registered in Angola, in the first half of 2022, as the main exporters of chicken to the country and India and Thailand as the main exporters of rice in grain.

Due to the "policy of containment" of these products, caused by the current state of the world economy, the entity said, the situation "has led to a reduction in the supply of this good (rice) in Africa and other markets, influencing the rise in prices worldwide ".

"And especially for Angola, derived from the dependence on the external supply of this product, estimated at over 80 percent, this means that an amount was recently approved by the Government to fill such situations of imbalance in the values ​​of the basic basket products", pointed out the entity.

The Strategic Food Reserve and also the result of inspections carried out by ANIESA in the largest distributors of basic food products "demonstrate that there is no worrying and significant price rise", stresses the Angolan state body.

This inspection authority said, on the other hand, to be aware that "it is at these moments that some traders take advantage of the world situation, to store products and start hoarding".

He recalled that hoarding is a crime punishable by criminal law and guarantees "severely fighting rogue traders and mafiosi", noting, however, that "this bittersweet moment is short-term".

ANIESA's central structure in Luanda, during the month of August, inspected 79 companies, while in the provinces of Cuanza Norte, 41 companies were inspected, Malanje (23) and Huíla (20).

The agency also recorded 19 seizures of various products and the destruction of another eight.

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