Industry Ministry: High demand before Ramadan raises prices
The Director of the Market Monitoring and Supply Directorate at the Ministry of Industry, Trade and Supply, Atef Alawneh confirmed that the main reason for price increases before Ramadan is higher demand.
He noted that some merchants take advantage of the rush to raise prices, through within limited margins, and that price monitoring continues through morning and evening inspections before Ramadan.
Alawneh added that the ministry does not set price ceilings if prices are reasonable, leaving profit margins to the merchants. Food and oil prices are generally stable, except for some oils affected by global increases, Alawneh stated.
Poultry prices remain affordable, with frozen chicken stable. In addition, some items rise before Ramadan but return to normal price within the first week, Alawneh indicated, explaining that current prices are lower than last year.
The Director of the Market Monitoring and Supply Directorate at the Ministry of Industry, Trade and Supply, Atef Alawneh confirmed that the main reason for price increases before Ramadan is higher demand.
He noted that some merchants take advantage of the rush to raise prices, through within limited margins, and that price monitoring continues through morning and evening inspections before Ramadan.
Alawneh added that the ministry does not set price ceilings if prices are reasonable, leaving profit margins to the merchants. Food and oil prices are generally stable, except for some oils affected by global increases, Alawneh stated.
Poultry prices remain affordable, with frozen chicken stable. In addition, some items rise before Ramadan but return to normal price within the first week, Alawneh indicated, explaining that current prices are lower than last year.
The Director of the Market Monitoring and Supply Directorate at the Ministry of Industry, Trade and Supply, Atef Alawneh confirmed that the main reason for price increases before Ramadan is higher demand.
He noted that some merchants take advantage of the rush to raise prices, through within limited margins, and that price monitoring continues through morning and evening inspections before Ramadan.
Alawneh added that the ministry does not set price ceilings if prices are reasonable, leaving profit margins to the merchants. Food and oil prices are generally stable, except for some oils affected by global increases, Alawneh stated.
Poultry prices remain affordable, with frozen chicken stable. In addition, some items rise before Ramadan but return to normal price within the first week, Alawneh indicated, explaining that current prices are lower than last year.
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Industry Ministry: High demand before Ramadan raises prices
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