Egypt: The high prices of imported cheeses increase the demand for local ones

Published Jun 25, 2023

Tridge summary

Despite high prices, there has been an increase in sales of some local cheeses due to a decline in sales of imported cheeses. The price increases of imported cheeses have led consumers to seek out local alternatives with lower costs, resulting in a 20% increase in sales of white and white cheese products. However, there has been a slight decline in sales of some local products due to rising prices, with a 10-20% decrease compared to last year.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A number of members of the Board of Directors of the Dairy Producers Committee at the Alexandria Chamber of Commerce affirmed that there has been an increase in the sales of some types of local cheeses during the past period, despite their high prices in varying proportions, and this is driven by a noticeable decline in the sales of some imported cheeses. Some explained that the large increases in the prices of some imported cheeses led to the consumer looking for local alternatives with a lower cost, pointing out that this situation was reflected in the sales of some local items, which witnessed an increase in sales by about 20% at the level of white and white cheese products during the period. the last period. Members of the Board of Directors of the Dairy Producers Committee at the Alexandria Chamber of Commerce pointed out that the market movement has improved during the current period with the start of the summer season, pointing out that this does not prevent the existence ...

Source: Almalnews