As February unfolds, importers are buzzing with optimism, anticipating a significant influx of essential commodities. This surge comes on the heels of political shifts that previously raised concerns over supply disruptions, especially following a notable decrease in imports from several large industrial groups.
However, the landscape is changing; many seasoned importers are reigniting their operations, and a wave of new businesses is entering the market, ensuring that supply remains steady.
To bolster imports and maintain price stability, the interim government has implemented tariff exemptions on various goods, including cooking oil, sugar, onions, potatoes, and dates. Coupled with a resolution to the dollar shortage affecting letter of credit openings, there is a renewed enthusiasm for importing goods.
With the holy month of Ramadan approaching, demand for items like cooking oil, dates, sugar, onions, and chickpeas is set to rise as traditional dietary habits evolve to accommodate religious practices. As businesses prepare to meet this heightened demand, the market is buzzing with activity, and preparations for Ramadan are already underway, promising a seamless transition into this sacred time
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