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Diversifying Latin American Products According To Leonardo Gonzalez Dellan

Some countries consider Latin America as the food basket of the world. With huge arable land where various crops could grow, the area has been on the top of the list of the world’s producers. However, food and trade expert Leonardo Gonzalez Dellan believes that the region needs to improve the diversity of its products if Latin America it to remain on top.

 

Top Producer

According to Leonardo Gonzalez Dellan, Latin America has been one of the top producers of coffee, bananas, nuts, and soya. Soya is especially ranked higher because of its versatility. It could be used as feeds for animals that humans consume for their meat, but could also be processed to provide options for vegetarians and vegans. The fact that many people can consume soya makes it a highly valuable product.

 

Quinoa

Quinoa is starting to become a household name especially for those with strict nutritional diets or other special dietary needs. It is high in protein, which makes it an easy choice for many. But what sets it apart is that it is gluten-free. There are some people who suffer celiac disease, a condition where the person is sensitive to anything that contains gluten. When a person with celiac disease consumes gluten, they get an immune response in their small intestine. Quinoa is an easier alternative as it does not contain gluten, but still packs the essential amount of protein for one’s dietary needs.

 

Amaranth

Amaranth is another product that Mr. Dellan sees as a possible addition to the variety of pacts that Latin America can offer. One of the good things about amaranth is that it can grow even in bad soil. This means that the production of other products do not have to be affected if they want to produce amaranth, because it can thrive where other crops cannot. Amaranth can be ground to make flour, and it can be produced in large amounts, which could bolster the home baking market.

 

Lucuma

Lucuma is a fruit that grows in Ecuador, Peru, and Bolivia. It is used as flavoring in ice cream and is also a nutritious alternative to sugar. It could provide another alternative for those who are looking for ingredients that can substitute sugar,

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Increase In Thailand’s Cigarette Tax Met With Uproar

A proposal to increase the price of cigarettes in Thailand by 1-2 baht per packet has been met with uproar, as many critics are saying that the increase in pricing will not actually accomplish its goals, which is to up the country’s Health Insurance Fund for the health insurance in Thailand as well as not actually getting many people to give up the habit.

Thailand’s Ministry of Finance are behind of the increase in taxing, of Bt1-2 per packet, with the aim of increasing the income of the Health Insurance Fund. On October 1, the Ministry proposed the increase, with its officials saying that it will learn to earnings of about Bt3 billion (US$92,600) annually.

Many are disagreeing with the proposal, like the officials at the Excise Department saying that the tax collected to benefit the Health Insurance Fund and the health insurance in Thailand should not only come from cigarettes alone, but from the sin tax, which also covers alcohol and alcoholic products.

Others argued that if the new tax on cigarettes was implemented, it would hit cigarette entrepreneurs, in particular the Tobacco Authority of Thailand. Back in Sept. 16, 2017, a cigarette tax was implement which cut down profits from 80% to 60%, which only gives 1 baht per pack, instead of 7 baht.

Back in 2017, the Tobacco Authority of Thailand made Bt9 billion in profit, but that may drop by Bt1 billion in 2018, and they might not make a profit in 2019, which may lead to tobacco farmers suffering. According to their officials say that, currently, the tax on cigarettes sat at 1.20 baht per cigarette and 20% of the price of cigarettes, never over 60 baht. Meanwhile, cigarettes that sell for more than 60 baht a pack are taxed by 40%.

Thailand joined the WHO Framework Convention on Tobacco Control back in 2005, banning smoking in indoor public places, workplaces, public transport, and outdoor areas like exercise facilities, public parks, amusement parks, as well as children’s playgrounds and markets.

However, based on the price of the worldwide Malboro brand, Thailand is still pretty loose. The AU charges US$19.40 per pack, while the UK is at 5th, with every pack costing US$12.25 per pack. Meanwhile, in Thailand, a single Malboro pack costs a mere US$3.77.

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