Vegetable and fruit prices keep on rising despite the end of the Eid holiday

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Thursday - 8 October 2015 - 11:54 AM

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Although  the end of Eid al-Adha holiday and returning most of traders to open their shops, but the prices of vegetables and fruits still maintain recent rises till these days.

 

Mr / Mahmoud Diab  official spokesman of  the Ministry of Supply and Internal Trade said that the ministry intensifies  providing  vegetables and fruits at discounted prices at consumer Cooperatives , attributing  the  higher prices to  crop  damage, pointing out that the country does not impose compulsory prices on  traders because the Egyptian market follow a free -market economy, stressing at the same time that the  country  intervenes by offering discounted goods at consumer cooperatives, to face rising prices, he also pointed out that prices will return to its normal rates gradually after the return of the shops  to work 100%.

 

Mr. / Yehia El Sounny , head of vegetables and fruits Division at Cairo Chamber of Commerce, said  that the rise in some prices of agricultural products because of  stopping  the movement of agricultural products during the Eid holiday, what caused the decline in supply for local markets and the traders depended on their  inventory , especially after damaging the  crops damaged because of  extremely high temperatures, and epidemic diseases during the summer season.

 

He pointed out that the increase in crop production costs because of  higher prices of imported fertilizer from abroad and agricultural pesticides ranged between 15 and 20%, as a result of the successive rises in the dollar's exchange rate against the pound, as well as the high value of farming lease  and employment.