Ministry of Economy calls for subsidizing three basic commodities

News In Brief

Ministry of Economy calls for subsidizing three basic commodities

January 17, 2022 - 12:16
Written by: SafaAlharathy

The Ministry of Economy has proposed partial governmental support this year for three primary commodities, in which prices saw a significant increase lately.

Director of the Commercial Administration of the Ministry of Economy Mustafa Qadara said they proposed a subsidy value of 40% for items including wheat, rice, and cooking oil.

"The soaring global food prices, especially wheat, had a significant impact on the loaf of bread," Qadara said.

According to Qadara, the price of rice during the past months went up by 75%, as well as cooking oil, indicating that the current prices do not fit with the local purchasing capacity.