Markets/Ramadan: Normal Supply, Stable Prices, Inter-ministerial Commission

Markets/Ramadan: Normal Supply, Stable Prices, Inter-ministerial Commission
Thursday 30 April 2020 - 19:06

The markets are normally supplied with foodstuffs, and energy and hygiene products while the prices of the main consumption goods are stable, said the inter-ministerial commission for supply, price and quality control, which convened on Thursday.

“The daily monitoring of the market by the departments concerned shows a normal supply of foodstuffs, and energy and hygiene products, and that the available offer largely covers the needs for the month of Ramadan, and even several weeks or months depending on the commodity,” according to a statement from the Department of General Affairs and Governance under the Ministry of Economy, Finance and Administration Reform.

The prices of the main essential consumption goods witnessed a stability during the first 5 days of this sacred month compared to the previous week, certain products even recorded declines in price levels compared to the same period of the previous year, said the same source.

For example, the price of tomatoes fell 11% over the year, green onions recorded -36% and dry onions -14%. On the other hand, increases concerned the prices of oranges and lemon, the statement said, noting that meat prices are stable in the short term and the comparison to last year shows an evolution for beef and sheep meat of -6.5%, and 25.5% for live chicken.

As for legumes, and following the suspension of import duties as a result of a sharp increase in demand in mid-March, prices have started a downward trend compared to last year, especially for chickpeas, said the same source.

The inter-ministerial commission met under the chairmanship of the Department of General Affairs and Governance under the Ministry of Economy and Finance and with the participation of the ministerial departments in charge of the Interior, Agriculture and Fisheries, Industry and Trade, and Energy and Mining to review the situation of supply, prices and control.

The body will continue to hold its regular meetings to monitor the evolution of the market situation, the level of supply and prices and the intervention by the control commissions to deal with any type of fraud, monopolization, speculation or price manipulation.

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