Importers' division expects lower commodity prices

Bookmark and Share

Wednesday - 27 March 2019 - 9:41 AM

newphoto

The Importers' Division at Cairo Chamber of Commerce announced that the prices of most imported goods will remain stable as the dollar depreciates in recent days. Mr. Sayed ElNawawy, Deputy Head of the Division and Assistant Treasurer said that if the dollar continues to fall, this will be reflected in commodity prices. He explained that the market is now stable because the price of the dollar and the decline of the dollar in the market, so it might at least not to increase prices with entry the month of Ramadan.

 

The Division  reassured citizens that there are no price crises, especially with the availability of goods and their diversity in the market, Which means increased supply, which makes prices even more stable with the expected relative increase in consumption during the holy month of Ramadan, which is normal occurring every year..

 

As for the recession that hit the market in the previous period will prevent the increase in prices, even if it comes at the expense of profit margin of the trader, who is suffering from the recession of sales, especially as there is fierce competition between shops with each other or with outlets and consumer complexes that Increased the supply, and thus led to a balance of prices in the market, which is good at the level of increasing the supply of goods for the citizen.