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Producers, traders and citizens estimated the increase in cake prices this year by rates ranging between 7 and 20%, considering that with the increase in prices to this level, sales will decline with the decline in demand from before. consumersAnd the trend towards other alternatives by adopting components that are less expensive to manufacture.
Eid cake prices increase by 10%
The candy division of the Cairo Chamber of Commerce estimated that the prices of Eid cakes and biscuits have risen by 7-10% this year.
Salah Al-Abed, head of the division for Sky News Arabia, considers the increase to be logical due to the high costs of manufacturing and its raw materials such as ghee, flour and others, in addition to the costs of other services such as labor wages shop rents, etc.
The head of the candy division at the Egyptian Cairo Chamber of Commerce added that sales may be affected this year by the rise in the prices of cakes and biscuits, which makes traders and manufacturers themselves facing the challenge of producing the amount expected to be sold by the end of the season without loss, expecting sales to decline relatively in light of this price increase. in products.
Prices start at an average of 90 pounds
The prices of cakes in Egypt range between 90 and 120 pounds on average, where the price of cakes starts from 90 pounds per kilo. biscuits Gentlemen, in addition to nuts cakes, which range between 100 and 120 pounds, and milk cakes, which cost 100 pounds, and"petit four" At 100 pounds per kilo, in addition to orange biscuits, which are sold at 95 pounds per kilo, and it may vary from one region to another.
The head of the Sugar Division in the Chamber of Food Industries in the Federation of Egyptian Industries, Hassan El-Fandi, provides explanations for the rise in prices this year. He says that it is no secret to anyone that Egypt imports many ingredients needed for food production from abroad, primarily wheat, oils and sugar, which makes manufactured products more vulnerable. to fluctuations in the prices of these materials.
More important consumer priorities
Hassan Al-Fandi adds that the prices of chocolate candy have increased this year, by 20%, due to one of the reasons for the increase in prices glucose Cocoa and alternatives to cocoa butter, in these proportions, in addition to the high costs of packaging as well, indicating that the increase in the final product is logical as long as the production inputs are high at this level.
The head of the sugar division in the Chamber of Food Industries in the Federation concludes Egyptian industriesHe expects that the supply of chocolate sweets will decrease this year, whose sales are active during the New Year and Eid al-Fitr seasons, provided that with it, consumer demand will decrease on the part of citizens, whose consumer priorities may go towards other more important goods now.
Last January, the Egyptian Ministry of Supply and Internal Trade was forced to Sugar price hike The subsidized ration in consumer complexes, which is being disbursed to those who are eligible for support from the most vulnerable groups, so that the price of a kilo becomes 10.5 Egyptian pounds instead of 8.5 last December, which was repeated last October, when oil prices increased from 21 pounds to 25 pounds. It attributed it to the high prices of sugar and oil globally, at a time when Egypt is still an importer of the two commodities.
Popular alternatives and solutions
In a village in the Damietta Governorate in northern Egypt, Fatima Abdel Wahed began preparations for preparing the plain and home-made stuffed cakes with her sisters and daughters, in one of the customs they practiced every year before the end of the blessed month of Ramadan: "We make cakes at home every year and give to neighbors and relatives, and we don’t buy in return… It’s more like a habit we inherited from my late mother."
The forty housewife sees that cakes Homemade is much better than others, especially by making it with natural ghee extracted from milk, unlike other types of vegetable and hydrogenated ghee that are of lower quality and more expensive.
She added that the rise in raw materials this year, such as sugar, flour, malban and nuts, significantly increases the cost, forcing her to replace nuts with less expensive peanuts, in addition to more cakes than others.
The prices of sweets increased this year during the Ramadan season, affected by the prices of ingredients and raw materials needed for manufacturing, especially flour, sugar, oils and ghee.
and recorded Inflation rates in Egypt A record level for the first time in 34 months in March, at 10.5% on an annual basis, according to what was revealed by the Central Agency for Public Mobilization and Statistics in Egypt, as inflation rose to 12.1%, as a result of the increase in the prices of bread, meat, poultry, grains and fruits groups.
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Producers, traders and citizens estimated the increase in cake prices this year by rates ranging between 7 and 20%, considering that with the increase in prices to this level, sales will decline with the decline in demand from before. consumersAnd the trend towards other alternatives by adopting components that are less expensive to manufacture.
Eid cake price increase by 10%
The candy division of the Cairo Chamber of Commerce estimated that the prices of Eid cakes and biscuits have risen by 7-10% this year.
Salah Al-Abed, head of the division for Sky News Arabia, considers the increase to be logical due to the high costs of manufacturing and its raw materials such as ghee, flour and others, in addition to the costs of other services such as labor wages shop rents, etc.
The head of the candy division at the Egyptian Cairo Chamber of Commerce added that sales may be affected this year by the rise in the prices of cakes and biscuits, which makes traders and manufacturers themselves facing the challenge of producing the amount expected to be sold by the end of the season without loss, expecting sales to decline relatively in light of this price increase. in products.
Prices start at an average of 90 pounds
The prices of cakes in Egypt range between 90 and 120 pounds on average, where the price of cakes starts from 90 pounds per kilo. biscuits Gentlemen, in addition to nut cakes, which range between 100 and 120 pounds, and milk cakes at 100 pounds, and “petit fours” at 100 pounds per kilo, as well as orange biscuits, which are sold at 95 pounds per kilo, and may vary from one region to another.
The head of the Sugar Division in the Chamber of Food Industries in the Federation of Egyptian Industries, Hassan El-Fandi, provides explanations for the rise in prices this year. He says that it is no secret to anyone that Egypt imports many ingredients needed for food production from abroad, primarily wheat, oils and sugar, which makes manufactured products more vulnerable. to fluctuations in the prices of these materials.
More important consumer priorities
Hassan Al-Fandi adds that the prices of chocolate candy have increased this year, by 20%, due to one of the reasons for the increase in prices glucose Cocoa and alternatives to cocoa butter, in these proportions, in addition to the high costs of packaging as well, indicating that the increase in the final product is logical as long as the production inputs are high at this level.
The head of the sugar division in the Chamber of Food Industries in the Federation concludes Egyptian industriesHe expects that the supply of chocolate sweets will decrease this year, whose sales are active during the New Year and Eid al-Fitr seasons, provided that with it, consumer demand will decrease on the part of citizens, whose consumer priorities may go towards other more important goods now.
Last January, the Egyptian Ministry of Supply and Internal Trade was forced to Sugar price hike The subsidized ration in consumer complexes, which is being disbursed to those who are eligible for support from the most vulnerable groups, so that the price of a kilo becomes 10.5 Egyptian pounds instead of 8.5 last December, which was repeated last October, when oil prices increased from 21 pounds to 25 pounds. It attributed it to the high prices of sugar and oil globally, at a time when Egypt is still an importer of the two commodities.
Popular alternatives and solutions
In a village in the Damietta Governorate in northern Egypt, Fatima Abdel Wahed began preparations for preparing the plain and home-made stuffed cakes with her sisters and daughters, in one of the customs they practiced every year before the end of the blessed month of Ramadan: “We prepare cakes at home every year and give neighbors and relatives And we don’t buy in return… It’s more like a habit we inherited from my late mother.”
The forty housewife sees that cakes Homemade is much better than others, especially by making it with natural ghee extracted from milk, unlike other types of vegetable and hydrogenated ghee that are of lower quality and more expensive.
She added that the rise in raw materials this year, such as sugar, flour, malban and nuts, significantly increases the cost, forcing her to replace nuts with less expensive peanuts, in addition to more cakes than others.
The prices of sweets increased this year during the Ramadan season, affected by the prices of ingredients and raw materials needed for manufacturing, especially flour, sugar, oils and ghee.
and recorded Inflation rates in Egypt A record level for the first time in 34 months in March, at 10.5% on an annual basis, according to what was revealed by the Central Agency for Public Mobilization and Statistics in Egypt, as inflation rose to 12.1%, as a result of the increase in the prices of bread, meat, poultry, grains and fruits groups.