AlAraby: intervention in price rates is very difficult

Bookmark and Share

Tuesday - 12 May 2015 - 10:53 AM

newphoto

Domestic markets are witnessed rise in prices especially in sectors of food and household goods, along with increased prices of animal protein, with the constantly rising expectations coincided with the Muslim holy month of Ramadan.


 

 

On the other side imported meat prices have increased because of the high dollar exchange rates. Sayed El Nawawy Cairo Chamber's board member referred to high feed prices at a rate ranging between 100 and 17%.

 

 

 

As for Poultry Dr. / Abdul Aziz, President of the Division of poultry at Cairo Chamber confirmed that there is a non-usual shortage in the supply of markets before Ramadan, adding that there is stability in production volume reached to one million and eight thousand birds a day and expressed doubts in reaching the production to 2.2 million before the holy month of Ramadan.

 

 

 

For his part, Engineer / Ibrahim AlAraby Cairo Chamber's chairman said that there is no role for the Commission of prices observation, which have been formed at the General Federation f Chambers f Commerce or the possibility of intervention in setting prices, explaining that their role is limited to advertise prices on a regular basis and meeting with all the parties of the crisis such as producers and distributors to find out the solutions.

 

 

 

Concerning recent rise in the domestic sugar prices despite duties imposed on the imported sugar for marketing in the local market. He pointed out that the reason is the high price of sugar cane for this season compared to a global increase reached to $ 70 per ton.