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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    "The rise of the dollar is not the reason".. An expert reveals the reasons for the rise in meat pric

    Rocky
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    "The rise of the dollar is not the reason".. An expert reveals the reasons for the rise in meat pric Empty "The rise of the dollar is not the reason".. An expert reveals the reasons for the rise in meat pric

    Post by Rocky Today at 5:05 am

    "The rise of the dollar is not the reason".. An expert reveals the reasons for the rise in meat prices

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    Economy News - Baghdad
     
    [rtl]The head of the Iraq Future Foundation, Munar Al-Obaidi, revealed the reasons for the rise in meat prices in local markets. [/rtl]
     
    [rtl]Al-Obaidi stated in a post on Facebook, which was followed by "Al-Eqtisad News", that "according to data from the Ministry of Planning and the Central Statistical Organization, the annual inflation rate in meat prices for the year 2024 reached more than 35% in August 2024, which affected the inflation rate for food commodities, as the annual inflation rate for food commodities reached 6.6%."[/rtl]
     
    [rtl]He added, "Although most meat traders, whether red or white, import meat through commercial banking operations, which are characterised by a fixed exchange rate of 1,320 dinars to the dollar, many traders attribute the rise in meat prices to the rise in the dollar price."[/rtl]
     
    [rtl]Al-Abidi continued, "The matter is not related to the price of the dollar in the parallel market as much as it is related to the policy of supply and demand in the market, pointing out that "the increase in consumer demand versus the continuation of the supply rate without an increase, with the lack of diligent monitoring of the market by official bodies, all of this leads to an increase in meat prices."[/rtl]
     
    [rtl]He pointed out that "global inflation rates for red meat prices reached 4.7%, while global inflation rates for poultry meat prices reached 1.6%, which means that there are no significant increases in global meat prices that could have affected domestic meat prices."[/rtl]
     
    [rtl]Al-Abidi called on "the competent authorities to monitor the meat market, determine its rising prices, work to restore the inflation rates for this commodity to their normal levels, and pressure importers to sell meat at specific prices."[/rtl]


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