Fruit and veg doubled in price during Ramadan
by This email address is being protected from spam bots, you need Javascript enabled to view it on Sunday, 23 August 2009
Some retailers in the Saudi city of Riyadh have almost doubled the price of fruit and vegetables since the start of the holy month of Ramadan.
One vender told Arab News that prices of potatoes, onions, cucumbers and bananas, had increased by 25-100 percent.
“From SR4 per kg, the price of cucumbers has gone up to SR10, while potatoes have gone up to SR4, tomatoes SR6 and onions SR4,” said Rashid Al-Banhar, a vendor at Riyadh’s main vegetable market.
Another told the paper that the price hike was due to wholesalers raising their prices amid reduced supplies and no fixed auction times during Ramadan.
While the price of fresh fruit and vegetables has risen in Riyadh, the cost of other basic food items, like cheese, butter and milk has remained low, the paper said.
Retailers often hike prices during the holy month as demand for basic food items goes up.
In the UAE officials warned retailers they face legal action if the prices of basic food items are hiked.
Officials from the Ministry of Economy are also stepping up spot inspections to monitor the price of food stuffs.
READERS' COMMENTS
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST RETAIL
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST RETAIL
LATEST MIDDLE EAST BUSINESS NEWS
- Culture & Society: Visa racket ring busted in Ras Al Khaimah
- Sport: Hamilton and Button 'closest of friends' – Ron Dennis
- Banking & Finance: Dubai Investment in talks to list PE unit - exec
- Politics & Economics: UAE money supply growth slows to 1.3% at Feb-end
- Banking & Finance: Abu Dhabi's NBAD sells $750m worth of 5-yr bond
SHARE PRICE CHECK
RELATED STORIES
Ramadan 2009
3 stories- Qatar retail major charged over Ramadan price hikes
21 Sep '09 | News - Dubai launches Ramadan tent safety drive
31 Aug '09 | News - Dubai fruit and veg sellers fined for overcharging
25 Aug '09 | News





