Rising of prices affect sales of imported goods

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Sunday - 5 November 2017 - 11:5 AM

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A number of importers announced that there has been a significant decline in the quantities of imported goods during the recent period As a result of the market's inability to commercialize them Citing several reasons, including the rise in the dollar since the liberalization of the price more than doubled, which reflected on the prices of goods With the same value of the dollar Along with some recent government decisions that they called the import restriction and in return the weak financial ability of consumers, which negatively affected their purchasing power.

 

Sayed Al-Nawawy, Cairo Chamber’s Treasurer assistant and deputy head of the importers' division, said “The market is currently experiencing an unprecedented recession due to the rise in commodity prices, most of which are not within the reach of a large community segment, Pointing out that the large rise in the price of the dollar led to a shortage of some goods and almost disappear. Therefore the importer will not bring these goods in because of the high price.