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Food prices shoot up in UAE as Eid approaches

The prices of food items in the UAE have gone up as the Eid is approaching, according to the Statistics Centre Abu Dhabi (SCAD).

Abu Dhabi: During the last week of the holy month of Ramadan, with the Eid fast approaching, the prices of fish, fruits and meat have gone up in the United Arab Emirates (UAE).

The Statistics Centre Abu Dhabi (SCAD), which collects data about food prices, said there has been a significant increase in the prices of key food sub-groups as compared with the third week of Ramadan.

"During the holy month of Ramadan, almost all leading retail chains offer promotions in which they sell fruits, vegetables and meats on discounts. In most cases they sell these on cost-to-cost basis, without making any profit and some items are sold event below cost," according to the Statistics Centre Abu Dhabi (SCAD). During Ramadan, consumption of vegetables, fruits and meats is also very high during the period.

The UAE imports 1.5 million tonnes of vegetables and 1.9 million metric tonnes of fruits, the SCAD reported as saying.

It said the prices of jash or trevally fish surged 8.5 per cent, that of sherry fish by 4.3 per cent, gabab or yellow tuna is up by 2.3 per cent, Indian fresh mutton rose by 4.9 per cent. Fruit prices went up by 1.7 per cent in Abu Dhabi region, 3.3 per cent in Al Ain and 2.9 per cent Al Gharbia. Apple rose by 8.9 per cent, the highest.

The report said the vegetables prices in fact dropped in Abu Dhabi.

July 16, 2015

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