Demand will not outpace food supply during Ramadan: Khalil Haj Tawfiq


Published: 2018-05-16 18:09

Last Updated: 2021-06-15 18:17

Foodstuffs will not witness a price hike during Ramadan.
Foodstuffs will not witness a price hike during Ramadan.

President of the Foodstuff Traders Association, Khalil Haj Tawfiq, asserted on Wednesday that this Ramadan consumers will benefit from a the reduction in prices, as a great number of food items will be on sale due to the fierce competition among retailers and supermarket chains.

Tawfiq assured the public in a statement to Roya TV that neither local nor imported food will witness a price hike due to increased demand, pointing out that supply will be sufficient and prices will be kept low.

He indicated that even though the demand in foodstuffs had increased in the past few days in anticipation of Ramadan, market activity was lower in comparison to last year, which he attributed to a decrease in the purchasing power of consumers in the kingdom.

The president asserted there will be no false advertising and that discounted prices will be available throughout the holy month. He explained that this year a great number of retailers will be selling items at prices below their cost of production as their prices had fallen in their country of origin.

Two days ago the Civil Service Consumer Corporation (CSCC) announced that 80 consumer commodities ranging from dairy products to legumes and meat will be at a discount between 5-40 percent. The CSCC will also operate from 9 a.m. until 4 p.m during the first Friday of Ramadan in order to serve customers.