Jordanian Trade Ministry sets wholesale price ceiling for in-demand vegetables

The Ministry of Industry, Trade and Supply has set wholesale price ceilings for the vegetables most in-demand in the market due to “exploitation and deception by certain merchants”, according to Trade Minister Tareq Hammouri.

Hammouri, in cooperation with Minister of Agriculture Ibrahim Shahahdeh, had set price ceilings for retail selling prices for the same varieties of vegetables last week. However, the decision to further regulate prices at the wholesale level was made “to ensure that they are ultimately provided to citizens at acceptable selling prices”.

In a statement, Hammouri said that the ministry “found that there has been an unreasonable and unjustified surge in prices from some wholesalers”, adding in a press conference on Friday that the ministry has shut down over 100 shops due to similar violations.

The price ceilings that the ministry had previously set for vegetables at the retail level are still in place, according to the minister, who stressed that these new measures aim to “redress the imbalance in all stages of the supply chain”.

Source: jordantimes.com


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