Jan 05 2011 |
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Cooking oil, sugar prices up by 50%
Chicken to increase by 20%, according to market sources
The report also says that the prices of items like chicken, margarine and milk powder are to increase by 20 per cent.
The paper reports that food companies have submitted written requests to outlets asking them to raise prices and attributing it to an increase in costs of imports from countries of origin.
He also added: "The ministry has started an intensive inspection campaigns to ensure compliance with the increase of prices of soft drinks and to ensure prices of goods not approved by the ministry are not increased."
Al Arshi added, "The increase also affected some non-essential food commodities such as various types of spices, which have increased of up to 50 per cent. There are expectations of hikes in the prices of chicken."
Abraham George, Director of Purchasing at Bani Yas Cooperative Society, said sugar prices rose in the local markets by more than 30 per cent as of January, while oil prices increased in varying ratios of more than 20 per cent.
© Emirates 24|7 2011
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