18 Hrs
Source:
الخليج
August saw sharp drops in seven key commodities
The prices of essential commodities in the UAE markets experienced significant reductions in their upper limits during August, with some products decreasing by as much as 100%. The most notable declines were in rice prices, which dropped by 65%, from 16 dirhams in July to 5.75 dirhams in August, and in cooking oil priced at 7.7 dirhams after a 100% decrease. Conversely, some items saw moderate increases at the lower end, such as eggs, which rose by 44% to reach 0.33 dirhams per egg. The price fluctuations reflect substantial changes in the local market during the month, as efforts continue to balance supply and demand.
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