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IMA Director Denies Unfair Competition with Supermarkets
๐Ÿ‡ต๐Ÿ‡ฆ Panama /Economy & Trade

IMA Director Denies Unfair Competition with Supermarkets

From TVN Panamรก · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

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  • Panama's Agricultural Marketing Institute (IMA) director stated that no unfair competition exists with supermarkets.
  • He justified the existence of agro-fairs, noting 92% of buyers earn less than $500 monthly.
  • The statement responds to supermarket claims of unfair competition from the agro-fair program.

The director of Panama's Agricultural Marketing Institute (IMA), Bernardo Murillo, has directly addressed supermarket concerns, asserting that "no unfair competition exists" from the government's agro-fair program. Murillo defended the program by highlighting the economic realities of its participants.

He explained that studies by the IMA show 92% of individuals purchasing produce at the agro-fairs earn less than $500 per month. This income level, Murillo argued, justifies the program's existence as a vital support for low-income consumers and small-scale farmers.

The IMA's stance comes in response to claims from supermarket associations that the agro-fairs create an uneven playing field. Murillo's comments aim to counter these accusations by emphasizing the social and economic objectives of the agro-fair initiative, positioning it as a necessary service for a significant portion of the population.

the studies conducted by the entity show that 92% of buyers at agro-fairs perceive incomes below 500 dollars monthly

โ€” Bernardo MurilloIMA Director Bernardo Murillo justifying the existence of the agro-fair program based on buyer income levels.
DistantNews Editorial

Originally published by TVN Panamรก in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.