Monday, 02 January 2012

A report issued by the Othaim Markets Company and expect the  low prices of many food commodities during the last quarter of this year compared to the first quarter of the same year, including some types of rice, which ranged between a low percentage (5-12%), sugar Baboath different rate of decline ranged between (8-12)%, and frozen chicken between the (4-7)% the percentage of decrease in the instant coffee to (15)%.

The report also noted that the rise in prices of some commodities, with an average increase in the price of oil (14.5%) and the average increase in some types of cheese (11.5)%, and the average increase in some types of tea (10.5%) and the average increase in milk powder (13%) and reached an increase in some types of liquid milk (15%) and some types of milk long-term (4)% and reached the highest increase in prices in some types of tuna (24) percent, while the excess in some types of detergents (7) %

He said that there are many factors contributing to high prices, including high oil prices, transport, insurance and the exchange rates of currency and inflation, and speculation in commodities, and lower the amount of the global stock of goods, as well as natural disasters in countries of origin, in addition to the attention of the consumer to purchase a certain quality of goods in the presence of a lot of similar goods.

On the other hand Othaim expect stable in many commodity prices during the first quarter of this year, such as sugar, tea, coffee and cocoa, as well as rice, which comes the stability of prices as a result of the devaluation of Indian rupee against the U.S. dollar exchange rate, indicators of the success of this year's harvest.