Palestinians uncertain as FIFA, UEFA step in to save soccer pitch from Israeli demolition    House panel votes to hold Clintons in contempt in Epstein probe    Trump backs off tariffs threat, says Greenland deal framework reached    Saudi Arabia signs agreement with World Economic Forum to accelerate industrial transformation    Over 78 million faithful visit Two Holy Mosques in a month    Saudi FM meets British, French counterparts in Davos    Northern Saudi cities record coldest temperatures of winter as mercury drops to –3°C    Arab coalition condemns deadly attack on Giants Brigades commander in Yemen    Sha'ban crescent sighted Tuesday    Saudi POS transactions reach 236 million, SR4bn in one week    Al-Khateeb highlights Saudi-UN partnership to shape quality of life in future cities    122 million tourists spend SR300 billion in Saudi Arabia in 2025    Italian fashion legend Valentino dies at 93    Saudi orchestra brings 'Marvels of Saudi Orchestra' to AlUla with 107 musicians    Katy Perry makes Saudi debut at Joy Awards, praises Saudi design and hospitality    Hail wins Guinness World Record with largest off-road production cars convoy    SFDA approves registration of 'Anktiva' for treatment of bladder and lung cancer    Saudi Darts Masters 2026 to offer record $200,000 prize for nine-dart finish    Al Taawoun condemn "repeated refereeing injustice" after late penalty defeat    British boxer Anthony Joshua discharged from hospital after Nigeria car crash    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Vegetable prices likely to go up
By Salih Al-ZahraniOkaz/Saudi Gazette
Published in The Saudi Gazette on 12 - 07 - 2011

The price of a kilo of tomatoes and cucumbers has reached SR6, Zucchini SR8, and potatoes SR4, but it is expected that the price for tomatoes will hit SR10 while cucumbers and zucchini will soar to SR15 in Ramadan.
The price of clothes, especially for children, too has been affected by the recent price increase.
“The prices of tomatoes, cucumbers, zucchinis, potatoes, and onions begin to increase in Shaban and get higher until Ramadan 20th when they start to decline again,” said Abdulraheem Muhammad, a vegetable seller at a hypermarket. Some times the price increase is as much as 150 percent, he said.
Saad Al-Malki, a customer at a mall, said hypermarkets exaggerate vegetable and fruit prices. “When you ask them about the cause of such spike, they say because goods are imported by airplane every day. But this is a naïve justification and nobody falls for this anymore,” he said.
High production costs
Zayed Al-Muhamadi, an importer, said a big part of the price problem is due to internal causes. “Some sellers keep the products in their warehouses until their prices get higher. It is nothing but greed,” he said.
Fahd Al-Salimi, a trader who imports clothes, said the increase in the prices of children's clothes is due to the low availability of long-stable cotton production over the past years. “The other reasons, he said, are increase in operational costs, raw material, labor, shipping, insurance, customs-delay fees, storing and transportation,” he said.
Dr. Saad Al-Ghamdi, an economics expert, said it is better for importers to form groups and purchase goods in bulk. “It would give them more room to negotiate prices with foreign companies,” he said, adding that it is better to purchase clothes for SR100 million than SR1 million to get a higher discount.
Saudi investors should be encouraged to enter into investment partnerships with other foreign companies to produce rice, wheat, and barley so they get better prices, said Dr. Al-Ghamdi, who noted that Pakistan, Kazakhstan and Sudan have started benefits from the approach.
Dr. Abdul Aziz Al-Daghastani, another economics expert, said the government should form a commission to monitor markets and ensure that prices are fair.
“The commission should check the actual prices of a product from the manufacturer, not from the dealer's invoices, because these are often exaggerated for the benefit of the dealer.”
He said it was important to form cooperative societies to import goods from abroad and sell them to poor families at relatively low prices.
Specifications and standards
Saeed Ali Al-Bassami, another economist, said internal investment in the agricultural sector should be increased to reduce imports. “Saudi investors encounter several difficulties in agriculture, loans, and product marketing. The biggest obstacles facing investors are bureaucratic procedures and long customs


Clic here to read the story from its source.