UAE: Price drop in food items expected in the coming weeks as fuel, global commodity prices declines

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UAE: Price drop in food items expected in the coming weeks as fuel, global commodity prices declines

According to local retailers, food costs in the UAE are expected to drop significantly in the upcoming weeks due to lower retail fuel prices and the decline in global commodity prices.

Ukraine has begun exporting wheat, cereals, and cooking oils, and India has eased its ban on sugar exports, both of which will positively affect retail prices locally and contribute to a reduction of inflation.

Additionally, the August retail fuel price drop will make it easier for transportation firms to operate, reducing the cost of shipping goods in the UAE. BKM/ Expat Media


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