Chambers of Commerce: the decline in purchasing power and the increase in the supply of goods

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Thursday - 7 June 2018 - 10:3 AM


A number of members of the Chambers of Commerce expected the prices of most commodities to remain stable during the coming period as a result of the decline in purchasing power in return for the increase in supply (supply and demand mechanisms) after the end of the first half of the holy month of Ramadan.
Eng. Ibrahim Al-Araby Deputy Chairman of the General Federation of Chambers of Commerce and Chairman of the Cairo Chamber, said that the market is witnessing a state of discipline in the supply of goods and therefore the stability of prices in most commodities, especially basic, as revealed by the reports of the Commercial Divisions specialized in various activities during the current days.
Al-Araby pointed out that the daily follow-up of the market and what is going on and monitoring the trade movement through Commercial divisions of the various activities, which have been able to know any developments that may occur either in the supply of goods or prices and also the movement of buying and selling, whether down or up in each sector separately.
"The buying and selling movement is very slow in the market during the current period, despite the fall in the prices of some commodities such as chickens and frozen meat," said Sayed al-Nawawy, deputy head of importers at the Cairo Chamber of Commerce.