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بوابة الشروق
Mohamed Al Damati on 20% cheese price rise
The article discussed the reasons behind the rising cheese prices in the Egyptian market. The Vice Chairman of the Food Industries Chamber at the Federation of Industries confirmed that the increase is not due to local factors but results from global conditions. He explained that the rising prices of powdered milk, increased demand for protein, and disruptions in supply chains caused by international conflicts such as the Russia-Ukraine war have led to higher production costs. He also noted that the depreciation of the dollar and higher costs for packaging materials have contributed to the price hikes. Over the past three months, cheese prices have jumped by nearly 20%. However, he clarified that neither the government nor the private sector is responsible for these increases, which are driven by global factors. He expressed understanding of citizens' concerns about the rise, emphasizing that the gap is significant and that producers find it difficult to absorb these costs within current prices.
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