The price of food products is increasing rapidly due to the economic crisis in Jordan

Published 2021년 4월 7일

Tridge summary

The article highlights the economic strain on various sectors in Jordan due to the necessary COVID-19 measures, leading to significant price increases in essential products like sugar, rice, milk, and oils. The United Nations Food and Agriculture Organization (FAO) has noted a worldwide surge in oil prices. The Consumer Protection Association and the Chamber of Commerce in Irbid have reported unfair price hikes, with the Consumer Protection Association calling for fairness between consumers and traders. The government is monitoring the situation and has taken action to stabilize prices, successful in maintaining price stability for 80% of products.

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Original content

Many sectors in the country are under great economic pressure due to the drastic measures and constant shutdowns applied by Jordanian authorities to prevent the spread of the Kovid-19 outbreak. The increase has deeply affected essential products such as sugar, rice, milk and oils. According to the data of the United Nations Food and Agriculture Organization (FAO), oil prices in particular recorded an increase worldwide. Economic analysts attribute the increase to the amount of remaining goods, the efforts of the tradesmen to compensate for their large losses, and the Kovid-19 measures of the Jordanian government. An unfair increase President of the Consumer Protection Association, Muhammed Ubeydat, spoke to Anadolu Agency (AA) and gave information about the rise in prices. Saying that their work is not for competitiveness, but for raising awareness, Ubeydat said, "As a result of the increase in prices in the country, a large number of complaints from consumers come to the ...

Source: Milliyet Agri News