Egypt will ban the export of onions starting next week for three months after they have increased their prices in the local market by more than 200% in the last year – and almost 40% in the last month. the latest in a series of measures by the North African country aimed at mitigating rampant inflation. “The ban will come into force on October 1 and will last until December 31” According to a statement from the Ministry of Commerce and Industry, reproduced today by local media, “the ban will come into force on October 1 and will last until December 31.” December” after the price of a kilo of onion, an essential ingredient for local cuisine, particularly among the population with fewer resources.
Egypt will ban the export of onions starting next week for three months after they have increased their prices in the local market by more than 200% in the last year – and almost 40% in the last month. the latest in a series of measures by the North African country aimed at mitigating rampant inflation. “The ban will go into effect on October 1 and will last until December 31” According to a statement from the Ministry of Commerce and Industry, reproduced today by local media, "the ban will come into force on October 1 and will last until December 31" after the price of a kilo of onion, an essential ingredient for cooking local, particularly among the population with fewer resources. Egypt, plunged into an increasingly acute economic crisis, with almost daily increases in the prices of all products, especially food, which has led the Government to prohibit the export of other products, such as sugar, in the midst of a year-on-year inflation of close to 40%. This figure, however, ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.