Yogurt prices increased by 67% this year and beans increased in Egypt

Published 2023년 3월 21일

Tridge summary

The article highlights the significant price increases in essential food items, particularly plain yogurt and beans, in Egypt as the Ramadan season approaches. The cost of a 110-gram yogurt package has seen a drastic rise, reaching between 4.5 to 5 pounds, an increase of 67% to 80% compared to the previous year's range of 2.5 to 3 pounds. This surge in dairy prices is attributed to various crises, including the Russia-Ukraine conflict, the fluctuation in the dollar's value against the Egyptian pound, and issues with documentary credits. Additionally, the price of local fava beans has surged by about 2,000 pounds per ton, affecting the affordability of Suhoor meals for many citizens. These developments underscore the economic challenges faced by Egypt's population, especially with the rampant inflation and the financial repercussions of the ongoing crises.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

I wrote – Dina Khaled: Ehab Sharabieh, deputy head of the dairy division at the Alexandria Chamber of Commerce, said that the price of a 110-gram package of plain yogurt will range between 4.5 pounds and 5 pounds during the Ramadan season. The price of a 110-gram package of yogurt ranged between 2.5 pounds and 3 pounds during the last Ramadan season, according to a previous report by Masrawy last year. Thus, the price of the yogurt package will increase by between 67% and 80% this year compared to its level last year. The prices of dairy products witnessed successive increases throughout the year, as a result of several successive crises, the first of which was the war between Russia and Ukraine, which prompted the rise in feed prices, as Egypt imported feed from America, Brazil and Ukraine, which led to an increase in dairy prices, as well as an increase in the price of the dollar against The pound and the documentary credits crisis that led to the accumulation of goods in the ...
Source: EGmasrawy

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