Cairo Chamber: 25% decrease in the prices of goods in exhibition "Welcome Ramadan""

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Monday - 23 May 2016 - 10:29 AM

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Cairo Chamber of Commerce announced that "Welcome Ramadan" exhibition which will be inaugurated within days in preparation for the holy month of Ramadan includes all the basic private goods needed by the consumer with special discounts up to 25% due to the support for this exhibition during the holy month.

 

 

Cairo Chamber said that that it will reduce the price of goods to be lower than goods in the market because the supply of goods will be directly from the importer or producers and this will reduce trading circulation ,that bearing the goods more costs, noting that  traders always have this important social role especially in occasions.

 

 

Cairo Chamber added that the goods prices are determined by many factors like trading circulations starting of stages of production or importing passing through wholesale trade and then retail trade and the dollar, which increased consecutively in the recent period, because the dollar enters in the cost of most goods, both domestic and imported goods.

                                               

 

Ibrahim ElAraby , Cairo Chamber's Chairman and Vice Chairman of the General Federation of Chambers of Commerce predicted that  the coming period will witness an improvement in the prices of many goods especially after the Ministry of Supply and internal Trade announced  recently establishing  internal logistic centers for sorting and packaging process which consequently  will decrease  the waste of goods reached up to 40% and reduce the most exchanges of goods that result in increasing cost and price especially if there are many false trading operations affecting the price of commodities.

 

 

He stressed that by following-up, on the ground, the different business divisions at the Chamber and the movement of the market, there is stability in prices and availability of goods in various kinds, which confirms that Ramadan will be more stable and full of affordable goods, Especially with the diversity of supply outlets for goods like; consumer complexes; National service outlets; hypermarkets; shops; Welcome Ramadan exhibitions, That will allow citizens choosing shopping place, the price and quality of the goods.