1 Day
Source:
المصري اليوم
_1777352244987_250242181.png&w=64&q=75){kind=small}
Potato prices surge 200% expected to fall by late November
Potato prices have risen significantly in the markets, reaching between 28 and 30 pounds per kilogram, representing an increase of approximately 200% over two weeks. This is a sharp rise from their previous range of 10 to 12 pounds. Experts attribute the price surge to a shortage of the new harvest and the storage of quantities from the beginning of the season, coinciding with a halt in storage from mid-October until the end of November to prepare for the arrival of the new crop at the end of this month. Sources confirmed that wholesale traders and freezer owners are exploiting the situation to raise prices and increase profits. However, prices are expected to drop once the new harvest becomes available at the end of November, with current prices ranging between 16 and 22 pounds in the wholesale market and around 25 pounds in retail stores. The rising prices are affecting consumers, many of whom have had to reduce the quantities they purchase to cope with the increased costs.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)