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Bahrain keeps a check on food prices

Manama, September 11, 2008

Industry and Commerce Minister Dr Hassan Fakhro on Wednesday met food traders and discussed the impact of high food prices on citizens.

Dr Fakhro stressed the need to strengthen co-operation between government and food commodity traders to prevent this phenomenon, stressing the need to secure all food items in affordable and appropriate prices, said a report in our sister publication, the Gulf Daily News.

A total of 2,650 sheeps were added to the market on Wednesday. The Delmon Company also made available 23,000 chickens.

Because of the high demand from consumers for government-subsidised chicken, there is a slight shortage in the market.

Rice prices have also decreased 25 per cent. Basmati rise, which cost $1,800 a tonne, is now priced at $1,100 a tonne.

Milk prices have also decreased from $5,000 a tonne to $3,000 a tonne.

The minister encouraged all investors to invest in food commodities which would contribute in reducing rising prices and inflation.

The traders stressed their willingness to alleviate the burden on consumers and provide all foodstuffs at reasonable prices. - TradeArabia News Service




Tags: chicken | Food prices | Dr Hassan Fakhro | Industry and Commerce Minister | sheeps |

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