ELZUBI to Al-Ghad: “Energy is driving the wave of price hikes… with oils and meats leading the increases”

Cereal prices rose modestly by 0.8%, while declines in sugar and dairy prices helped ease part of the inflationary pressures.
ELZUBI predicted that the next quarter will see further increases in oil and meat prices, along with a possible rise in wheat prices if forecasts of a 2% global decline in planted areas are confirmed.
Prices and production abundance Explaining why prices continue to rise despite improved production of some crops, ELZUBI said that supply and demand rules have not collapsed, but have been “redefined” under the new variables.