Two experts: Domestic production must be supported to achieve self-sufficiency to avoid global inflation
Consumers demand fixing prices of “essential goods”
Supporting local production, contributes to avoiding fluctuations and rises in the global market.
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Ibrahim Al-Bahr: “Some traders took advantage of international conditions to raise prices at rates that exceed the global increases.”
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Consumers demanded that the prices of basic commodities be fixed and that a maximum price for some commodities be set by the responsible authorities, according to type and quality, while setting a profit margin to avoid unjustified and large increases in the prices of these commodities.
On the other hand, two experts confirmed that part of the rise in prices is due to the increase in freight rates and the rise in global demand, after recovering from Corona, but some traders took advantage of global conditions to raise prices at rates that exceed the global increases, noting the need to support local production by all means to achieve Self-sufficiency in a number of basic commodities, and avoiding the global inflation wave.
staples
In detail, consumers demanded fixing the prices of basic commodities and setting a maximum price for some commodities, from the responsible authorities, according to type and quality, while setting the profit margin to avoid large and unjustified increases in the prices of these commodities.
They also demanded, in a survey conducted by "Emirates Today" on its pages on social media, on "the appropriate measure to limit the rise in commodity prices in the markets", to tighten financial fines on violating traders, who raise prices significantly and unjustified, as long as they do not have the documents that It indicates that there are justifications for this.
They suggested the possibility of closing the violating shops for varying periods, in case the violation is repeated, several times, and announcing a list of the names of the violating merchants in the media, after warning them.
And they called, through the poll, which received wide interaction and large participation, to encourage national production in the field of cultivation and manufacture of food and industrial materials and to provide various facilities, in this regard, with the establishment of a specialized ministry to monitor the market, and the enactment of laws that guarantee the right of the merchant and the consumer together, and the launch of a government application to compare Prices, and taking urgent measures against price manipulators, noting the need to activate the role of consumer protection and local economic departments in monitoring prices and not allowing prices to be raised, except after an official written approval from the concerned authority.
goods and merchandise
Consumers also called for a boycott of goods and merchandise whose price increases significantly, and to publish the names and pictures of shops to boycott them, noting that the consumer should be the strongest party, especially since the decision is in his hand, and he determines the price of the commodity indirectly, through his decision to buy or not to buy.
They stressed the need to oblige traders to set prices on goods transparently, especially since some traders do not set prices, explaining that setting prices helps shoppers boycott goods whose price increases unjustifiably.
In their response to the survey, consumers said that merchants had raised prices to increase their costs during the recent period, in addition to the increase in the cost of importing, stressing the need to increase the number of inspectors in sales outlets to monitor merchants who took advantage of the inflation wave in the global market, to raise prices exaggeratedly.
A small number of consumers considered that the market is subject to the mechanism of supply and demand, and as long as the economy is free, the freedom should be left to the merchant to determine the profit margin, especially in light of the rise in oil and food prices, demanding to support fuel prices, because the significant rise in the price of oil, led to a rise Big cost of production and transportation.
price fixing
For his part, the retail trade expert, head of the “Al-Bahr Consulting” company, Ibrahim Al-Bahr, agreed with the necessity of fixing the prices of a limited number of basic commodities, between 15 to 20 commodities at most, in cooperation with the Ministry of Economy, stressing that some traders took advantage of global conditions to raise prices by rates. outweigh the global increases.
Al-Bahr stressed the importance of supporting local production by all means to achieve self-sufficiency in a number of basic commodities, to avoid fluctuations and rises in the global market, especially during this stage. Recovering from Corona.
He pointed out that the open economy does not mean at all, leaving the freedom for traders to exploit the global crisis and raise prices without controls, in a way that is in their personal interest and maximizing profitability.
tighten control
Retail trade expert Davey Nagpal agreed with his predecessor on the importance of stabilizing the prices of a limited number of commodities that have priority for consumers and tightening control over merchants' commitment to prices, pointing out that this does not conflict with the free market.
Nagbal called for an increase in the number of inspectors who monitor markets and an increase in coordination between relevant government agencies such as the Ministry of Economy and local economic departments in monitoring and follow-up operations, noting that the relationship between them should be characterized by cooperation and coordination, not competition.
He pointed out that working to support local production and give it all possible facilities is a priority at the present time, as the current circumstances have proven that reliance on imports is basically not enough, given the current rises in the prices of mainly imported goods.
Commodity boycott
The retail trade expert, head of “Al Bahar Consulting” company, Ibrahim Al-Bahr, said, “Consumers have a great responsibility, in these circumstances, by boycotting goods whose prices are rising dramatically, and replacing the outlets that raise their prices with other appropriate outlets, with comparison before buying, especially Through electronic applications, with rationalizing consumption and arranging priorities, and dispensing with the purchase of recreational or non-essential goods.”
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