A jump in cumin prices in Egyptian markets due to a shortage in supply
Cumin Seed
Published Sep 1, 2023
Tridge summary
According to Magdy Tawfiq, the prices of certain spices in the Egyptian market, such as cumin and black pepper, have increased. The price of local and imported cumin has risen to 260 pounds per kilo, compared to 160 pounds two months ago, while the price of black pepper has increased to 170 pounds per kilo from 140 pounds. Tawfiq attributes the rise in prices to the lack of local and global supply, as well as the high cost of importing spices due to the exchange rate of the dollar against the pound.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Written by Dina Khaled: Magdy Tawfiq, deputy head of the Spice Division at the Cairo Chamber of Commerce, told Masrawy that the prices of some types of spices have risen in the market, such as cumin and black pepper, which are among the most important basic spices in Egyptian homes. Tawfiq added that a kilo of local and imported cumin rose to 260 pounds, compared to 160 pounds two months ago, an increase of 100 pounds per kilo. He pointed out that the price of a kilo of black pepper rose to 170 pounds, compared to 140 pounds two months ago, due to the high cost of importing it as a result of the high price of the dollar against the pound. Tawfiq explained that the high prices of cumin came as a result of the lack of supply of it locally, and the high prices of imported cumin ...
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