Sheikh Mohammed inspects prices of products in Dubai
- 16 Apr 2022
Gulf Today, Staff Reporter
A video has spread on social networking sites showing His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, inspecting prices of products at the Union Cooperative Society in Al Warqa.
Sheikh Mohammed is keen to follow up everything in the society, to ensure the happiness of citizens and residents living in the Emirates, as well as the commitment of associations and markets to the specified prices and not to raise them.
It is worth noting that the Ministry of Economy had recently confirmed that it carries out periodic monitoring operations for 300 of the basic commodities that are most consumed and demanded by consumers and best sellers in markets in all emirates of the country.
More than 40 outlets and cooperative societies in all markets in the country are being regularly monitored to keep the prices of these goods in check.
The Ministry explained that these 300 commodities belong to 11 main categories: fish and seafood, meat and poultry, bread, grains and related products, dairy, eggs, oils, vegetables and fruits, water, juices, and cleaning materials.
The Ministry assessed the extent to which these items are affected by various international developments and price fluctuations in their countries of origin. It also monitored steep fluctuations in prices and ensured the availability of these commodities in abundant quantities to meet the needs of consumers and maintain the strategic stock of essential commodities.
MoE added that it continues to compare the selling prices of these commodities with their prices in its registered database and with the prices in neighbouring countries. In addition, it is working to develop a shared digital database for commodity prices in GCC markets to ensure flexible, fast and continuous price comparisons. The Ministry also added that it matches the prices of these commodities with the FAO International Price Index for the most traded commodities in the world.