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The head of the Union of Food Importers, Hani Bohsali, assured the Lebanese that the Union “pays special attention to the issue of the fall in the dollar exchange rate and its impact on imported food prices.” He said the union “is currently working, in cooperation with all importers, to study the movement of the dollar exchange rate, up and down, in the parallel market in order to study the revaluation of imported food products from the US. Exterior”. He pointed out that there are two categories of imported food. “The first 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 their 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.
And expressing his great amazement at the media pumping and the accusations directed at importers, merchants and supermarkets for not reducing prices, Bohsali assured that “this process does not occur with the click of a button”, noting that “the rise in prices of food in its various stages took a long time. ” He noted that “the increase in the prices of imported food, which occurred about three months ago, occurred months after the dollar exchange rate reached record levels of 9,000 pounds, and the dollar exchange rate that was adopted at that time for food pricing it is between 7,000 and 7,500 pounds, and this is documented. ” With the data issued by the Association of Food Importers “. He stressed that” the culmination of the price setting process requires some timeframes, especially since what we are witnessing in terms of rapid rise and fall and with large margins of the type exchange rate complicates the process. “However, Bohsali reaffirmed that” the price reduction is being seriously studied and that the new price will take place this week. “He noted that” there is a large amount of foreign food that has been lost from the market, and there are many other materials that are in little demand. Therefore, its price is still at a low dollar exchange rate to encourage its purchase before the end of its period or depression, “since he emphasized that” throughout the months of the crisis “The hard, the Food importers were eager to preserve Lebanese food security, and spared no effort to ensure food at the best prices, and will continue to fulfill their responsibilities. “
