11 January 2008 22:18 [Source: ICIS news]
CARACAS (ICIS news)--?xml:namespace>
Jamaican officials discussed the possibility of buying subsidised fertilizers from
Agriculture Minister Christopher Tufton told reporters that his office was in ongoing discussions with several potential suppliers but that
"Given [Venezuela's] petroleum resource base and expertise, we are hoping that we can work out an arrangement to purchase at a reduced margin or subsidised price the raw material to bag fertilizer here and pass on those savings to the consumers," said Tufton.
Earlier this week, the Jamaican government announced it was subsidising five basic food items in order to soften the impact of rising food prices.
In some cases, some staples, such as bread, have risen as much as 10%.
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