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The head of the Lebanese Food Importers Union assured Hani Bohsali that the union “pays special attention to the issue of the falling dollar exchange rate and its impact on imported food prices.”
Bohsali revealed today in a statement that “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 the food products imported from abroad “.
Bahsali indicated that “there are two categories of food imported from abroad: the first is 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 remains “. Much more than 3,900 Syrian pounds and the second: unsupported materials, which are the target of the price change process. “
Bohsali expressed his great astonishment at “the media hype and accusations directed at importers, traders and supermarkets of not reducing prices.” He noted that “the last 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 was adopted at that time to fix the price of food is between 7,000 and 7,500 pounds, and this is documented. ” With the data issued by the Association of Food Importers “.
Bohsali stressed that “finalizing the pricing process requires some timeframes, especially since what we are witnessing of rapid rises and falls and large margins of the dollar exchange rate complicates the process.” He reiterated that “the price cuts are being seriously studied and that the new prices will be applied this week.”
Bahsali noted that “there are a lot of foreign food products that have been lost from the market, and there are many other materials that are lightly demanded. Therefore, their price is still at a low dollar exchange rate to incentivize your purchase before the end of your period or your depression. “
He explained: “Throughout the months of the harsh crisis, food importers have wanted to maintain the food security of the Lebanese, and they have spared no effort to ensure food at the best prices, and they will always fulfill their responsibilities.”
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