Blame game as fish rates jump in Kuwait

This post has been read 6550 times! Traders, consumers at losing end KUWAIT CITY, June 18: The traders at the Sharq fish market had recently received the news that the prices of imported fish had been raised. However, they did not believe it until after some cartons were received. They were surprised by the increase in the prices by more than 40 percent, which adds to the already-existing challenges with the consumers, reports Al-Anba daily. The fish cartons from Turkey had the lion’s share, as a trader must pay KD 30 for a carton of 500 kilograms of fish and sell it at KD 33. The previous price was KD 22 and was sold at KD 22.5. As for cartons containing 600 to 800 fish and of weight 700 or 800 kilograms, the trader used to buy them at KD 25 or KD 26 each carton, and sold at KD 3 per kilogram. It is currently bought for KD 34, and sold at KD 3.4 or KD 3.750 to the consumer. Cartons with 1,000 fish were bought by traders for KD 27, but they now cost KD 39. Consumers buy ...