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Traders: The markets are witnessing an abundance in commodities in preparation for the reception of Ramadan

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Heba Mohsen


Expect prices from 10 to 20 %


Businessmen and merchants confirmed the existence of an abundance of commodities in the markets in preparation for receiving the blessed month of Ramadan, stressing that the necessary measures were taken to ensure the availability of goods in sufficient quantities, expecting a decrease in prices at rates ranging between 10 and 20% per holy month, according to the quality of the commodity as a result of the low shipping rates at proportions ranging Between 20 to 50%, according to the supplied country, which contributes to alleviating financial burdens on consumers during the holy month, stressing the commitment of the concerned authorities to provide a safe and comfortable shopping environment, which enhances confidence between consumers, and contributes to achieving market stability.

They said, in statements to “Al -Watan”, that the government imposes severe restrictions on prices, especially on occasions such as Ramadan, in addition to the efforts of the Ministry of Industry and Trade to emphasize traders not to prejudice the approved prices, noting that the difference in prices between traders is small and is due to The difference in cost.

Businessman, a member of the former Shura Council Darwish Al -Manna Market fluctuations that may lead to the product stopping work, low quality of the product or limiting innovation, as these policies contribute to the stability of the market in times of crisis, which makes it necessary to take several forms of organization.

Al -Mannai pointed out that despite the potential benefits of regulating prices, price control can lead to negative consequences, and if the price ceiling is determined less than the price of “balance”, this leads to the creation of a shortage, as investors become unwilling to produce. At a lower price, which may lead to the emergence of the black market, and likewise the minimum price limits can lead to a surplus, as the minimum price may be exceeded, which leads to waste of resources and inefficiency within the market.

Al -Mannai added that these policies work to enhance social justice by making goods or services within the reach of low -income families. He stressed the need for policies to be characterized by flexibility and the ability to adapt, which allows the amendments to make the amendments based on market conditions and in time.

In addition, there must be effective monitoring and enforcement to ensure adherence to price controls through organized inspection operations carried out by qualified and trained teams, applying penalties to violations, and cooperating with stakeholders in the profession such as industries and farmers and domestication of their opinions, and most importantly is to preserve A competitive market environment for everyone.

For his part, the food dealer, Vice -Chairman of the Food Resources Committee of the Bahrain Chamber of Commerce and Industry Muslim Asad, revealed that there is a reduction in the price of cargo shipping in varying proportions ranging from 20 to 50%, according to the countries supplied to food commodities, expected that this reduction will reflect positively on prices in local markets within a month Ramadan, in rates, ranged between 10 to 20%.

With regard to the availability of goods, Asad explained that the delay in the arrival of goods was remedied, as it was provided before the end of last year 2024, stressing that this measure came within the framework of the efforts made to ensure the stability of the markets and meet the needs of consumers during the holy month of Ramadan.

He added, “Through this studied planning, supplies were strengthened to ensure that basic commodities are not shortened, which contributes to achieving a comfortable and safe shopping experience for all.” Noting the concerns of the concerned authorities to stabilize the markets and protect the consumer, as clear mechanisms were set to control prices and ensure that they are not increased during the holy month of Ramadan. These mechanisms include:

– Coordination with suppliers and merchants to ensure that goods are available in sufficient quantities and prevent any unjustified increases in prices.

– Intensifying control campaigns on markets and shops to monitor any attempts to manipulate or exploit consumers.

– Determining guidelines for basic commodities in cooperation with the concerned authorities, to ensure sales at fair prices.

– Tightening penalties for violators who unjustifying prices or monopolizing goods.

Encouraging promotional offers and discounts in coordination with major stores to support consumers during the holy month.

Asad said that these measures aim to protect the consumer and alleviate his financial burden.

source

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