1 Day
Source:
CNN Arabic
Egypt Mawlid sweets price rise despite sugar decline
Egyptian markets are preparing for the Mawlid al-Nabi sweets season, with candy prices rising by approximately 20% to 30% compared to last year due to increased production costs such as packaging, electricity, and wrapping materials, despite a decrease in sugar prices. The government is offering quantities of sweets at discounted prices through its outlets to provide alternatives for consumers. The price of a package varies depending on its type and size, with discount offers expected to appear as the season nears its end. The celebration of Mawlid al-Nabi among Egyptians is closely linked to the distribution of sweets, and factors such as labor costs and raw material prices contribute to the price increases, while the market competes to sell off remaining stock.
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