By Sara Anabtawi
Traders in Makkah take advantage of holy month to raise prices by 20 percent or more
Markets in the Saudi Arabian holy city of Makkah have increased prices of consumer goods by up to 20 percent ahead of Ramadan, it has been reported.
According to English daily Saudi Gazette, prices varied from shop to shop. A small can of infant milk soared to SAR33 (US$8), when it was SAR27 a few days back. Likewise, a box of tomatoes reached SAR15, when it was around SAR8 to SAR10.
Some shops, particularly those situated in heavily populated areas due to a large concentration of pilgrims and visitors, have increased the prices amid loose supervision by local authorities, the paper said.
However, a number of shop owners claimed they were forced to raise the prices slightly due to an increase in cost of acquiring goods.
Saudis have turned to social networking sites in a move to boycott food products whose prices have been raised, hoping to help curb increases by traders.For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
I am sure they will increase in UAE as well. Traders are taking advantage of people. Unfortunately there in no govt. regulatory authority to monitor this activity.
Why are the price of milk and other dairy product highest in the world?
I am sure they will increase as well!! Supply and demand!
But dairy products - why is the price high.
Mmmm let's just look at how cows are raised - does the UAE have miles and miles of luch green grazing land on which the cows can feast, rivers or streams from which they can drink if they want?
The green grazing is a cheaper summer way of feeding cows and getting high grade milk.
Now let us look at the UAE - cows kept in pens with no grazing land, sprinkler systems installed to look after the welfare of the animals - keep them cool (expensive to bu and install and expensive to run), no grazing land for them to feed on - fed cake / other cattle foof all year long (expensive all year long).
Keeping cattel inconditions under which they will thrive and keep their milk, and making sure the milk is of hight quality in a desert country like the UAE is very expensive economically.
This is of course reflected in the price of the finished product.!!