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Grocery Prices Rise Amid Nut and Packaging Costs
The article discusses the impact of rising production costs on the prices of Mawlid al-Nabi sweets this year. Jalal Muawad, vice chairman of the Food Products Division at the Cairo Chamber of Commerce, explained that increases in the costs of packaging materials, fuel, and gas, along with higher labor expenses, have led to higher sweet prices, with the increase varying between popular and premium varieties. Despite the sugar price dropping to around 5,000 Egyptian pounds per ton, significant increases persisted in the costs of ingredients such as nuts and imported materials, with some items experiencing more than a 50% rise. The decline in sugar prices helped reduce the severity of price hikes, but the escalation in other input costs contributed to overall price increases. Further changes are anticipated before the Mawlid al-Nabi celebration, scheduled for August 26.
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