20 Hrs
Source:
المدينة
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Jeddah Fish Market Vendors Close Prices Rise 40%
The Central Fish Market in Jeddah experienced large crowds and heavy congestion due to the closure of the Qawazin Market in preparation for development. This led to increased demand for fish and a noticeable rise in prices, with some species reaching up to 70 riyals for Nayjal and 55 riyals for Shaour. The higher prices were driven by weather changes and a decline in importers' supplies. Investors confirmed that the price hikes are a result of limited supply and increased demand. Meanwhile, citizens called for market monitoring to prevent monopolies and the sale of spoiled products, as well as an increased need for labor and efforts to reduce peeling queues. Fish prices have risen by between 10 to 20 riyals compared to most previous months. The Kingdom's fish production is estimated at around 247,000 tons in 2024, with a self-sufficiency rate of 52%.
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