Minister: Markets to witness prices stability, no need for concern
The Minister of Agriculture Saeb Khraisat confirmed that the recent rise in tomato prices in local markets following the holy month of Ramadan, and over the past few days, is linked to a decline in supplied quantities compared to daily demand.
Khraisat expressed expectations that the situation will improve in the coming days with increased production.
“The market’s daily need for tomatoes reaches around 500 tons, while currently available quantities do not exceed 480 tons”, which has led to a temporary increase in prices, Khraisat said.
Meanwhile, Khraisat added in radio statements on Thursday morning that the ministry has monitored some retailers and shops raising prices unjustifiably, stressing that the acceptable price for the product ranges between JD0.80 and 1JD, while limited cases were recorded where the price reached a JD1.25.
He noted that the Ministry possesses tools to monitor prices and quantities through daily tracking of central market data, indicating that market indicators clearly show the volume of incoming quantities and traded prices.
Khraisat expected that the markets will witness an increase in production in the coming days, leading to lower and more stable prices.
In addition, Khraisat announced a temporary suspension of tomato exports to boost quantities available in the local market and help regulate prices.
In the event of excessive price hikes for vegetables and fruits, there will be intervention from the Ministry of Industry and Trade in coordination with the Ministry of Agriculture, the minister highlighted, noting that starting today, prices and quantities will be published in the indicative bulletin on the ministry’s official website.
Finaly, Khraisat emphasized that “there is no need for concern”, stressing that agricultural production and stock in Jordan are secure and that the current conditions will stabilize.
The Minister of Agriculture Saeb Khraisat confirmed that the recent rise in tomato prices in local markets following the holy month of Ramadan, and over the past few days, is linked to a decline in supplied quantities compared to daily demand.
Khraisat expressed expectations that the situation will improve in the coming days with increased production.
“The market’s daily need for tomatoes reaches around 500 tons, while currently available quantities do not exceed 480 tons”, which has led to a temporary increase in prices, Khraisat said.
Meanwhile, Khraisat added in radio statements on Thursday morning that the ministry has monitored some retailers and shops raising prices unjustifiably, stressing that the acceptable price for the product ranges between JD0.80 and 1JD, while limited cases were recorded where the price reached a JD1.25.
He noted that the Ministry possesses tools to monitor prices and quantities through daily tracking of central market data, indicating that market indicators clearly show the volume of incoming quantities and traded prices.
Khraisat expected that the markets will witness an increase in production in the coming days, leading to lower and more stable prices.
In addition, Khraisat announced a temporary suspension of tomato exports to boost quantities available in the local market and help regulate prices.
In the event of excessive price hikes for vegetables and fruits, there will be intervention from the Ministry of Industry and Trade in coordination with the Ministry of Agriculture, the minister highlighted, noting that starting today, prices and quantities will be published in the indicative bulletin on the ministry’s official website.
Finaly, Khraisat emphasized that “there is no need for concern”, stressing that agricultural production and stock in Jordan are secure and that the current conditions will stabilize.
The Minister of Agriculture Saeb Khraisat confirmed that the recent rise in tomato prices in local markets following the holy month of Ramadan, and over the past few days, is linked to a decline in supplied quantities compared to daily demand.
Khraisat expressed expectations that the situation will improve in the coming days with increased production.
“The market’s daily need for tomatoes reaches around 500 tons, while currently available quantities do not exceed 480 tons”, which has led to a temporary increase in prices, Khraisat said.
Meanwhile, Khraisat added in radio statements on Thursday morning that the ministry has monitored some retailers and shops raising prices unjustifiably, stressing that the acceptable price for the product ranges between JD0.80 and 1JD, while limited cases were recorded where the price reached a JD1.25.
He noted that the Ministry possesses tools to monitor prices and quantities through daily tracking of central market data, indicating that market indicators clearly show the volume of incoming quantities and traded prices.
Khraisat expected that the markets will witness an increase in production in the coming days, leading to lower and more stable prices.
In addition, Khraisat announced a temporary suspension of tomato exports to boost quantities available in the local market and help regulate prices.
In the event of excessive price hikes for vegetables and fruits, there will be intervention from the Ministry of Industry and Trade in coordination with the Ministry of Agriculture, the minister highlighted, noting that starting today, prices and quantities will be published in the indicative bulletin on the ministry’s official website.
Finaly, Khraisat emphasized that “there is no need for concern”, stressing that agricultural production and stock in Jordan are secure and that the current conditions will stabilize.
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Minister: Markets to witness prices stability, no need for concern
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