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The head of the Lebanese Food Importers Union, Hani Bohsali, assured the Lebanese that the union is paying special attention to the problem of the drop in the dollar exchange rate and its impact on the prices of imported food.
The head of the Lebanese Food Importers Union, Hani Bohsali, assured the Lebanese that the union is paying special attention to the problem of the drop in the dollar exchange rate and its impact on the prices of imported food.
Bohsali revealed in a statement that “the Union is currently working, in cooperation with all importers, on the study of the movement of the dollar exchange rate, up and down, in the parallel market in order to study the revaluation of food imported from abroad “. He indicated that there are two categories of imported food:
The first: They are subsidized materials, that is, those that the Central Bank of Lebanon subsidizes and delivers dollars at the price of 3,900 pounds, and this category will not lower its prices, because the dollar exchange rate on the black market is still very over 3,900 pounds.
The second: unsupported materials, which are the targets of the price change process.
Bohsali expressed his great astonishment at the media pumping and the accusations directed at importers, merchants and supermarkets for not reducing prices, highlighting that this process does not occur with the click of a button, recalling that the increase in food prices in its different stages it took a long time.
He noted that the latest increase in imported food prices, which occurred about three months ago, came months after the dollar exchange rate reached record levels at 9,000 pounds, and the dollar exchange rate that was adopted at that time for food pricing is between 7,000 and 7,500 pounds, and this is documented with data. Issued by the Association of Food Importers.
Bohsali emphasized that completing the pricing process requires some timeframes, especially since what we are witnessing of rapid rises and falls and large margins for the dollar exchange rate complicates the process, and emphasized that the price reduction is taking place. looking seriously and that the new pricing will take place this week.
He pointed out that there are a lot of foreign foods that have been lost from the market, and there are many other materials that are in little demand, so their price is still at a low dollar exchange rate to incentivize their purchase before the end. its validity or its depression.
Bohsali also stated that “throughout the months of the harsh crisis, food importers were anxious to maintain Lebanese food security, and they spared no effort to ensure food at the best prices, and they would always fulfill their responsibilities.”
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