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Thursday, 24 March 2022

Edita bumps up pricing amid global commodities squeeze

INFLATION WATCH- Edita Food Industries has raised prices for some of its products by EGP 1-2, it said (pdf) yesterday. Products in its baked goods line that were previously priced at EGP 4 will now sell for EGP 5, while products previously priced at EGP 5 will now sell for EGP 7. Edita’s Freska line will now sell for EGP 3 from EGP 2 previously.

ALSO- Shoes and leather production has reportedly decreased by up to 50% due to an “exaggerated” rise in input costs, Al Shorouk reports. Factory owners have filed complaints due to their inability to cope with the recent cost increases, which the head of the leather division at the Federation of Egyptian Industries says have amounted to 15-30% in recent weeks.

Other things we’re keeping an eye on this morning:

  • Digital healthcare platform Altibbi is providing medical consultations (pdf) without charge to plasma donors in partnership with the Health Ministry’s national blood plasma project.
  • SomaBay residents are getting access to “bespoke lifestyle management and concierge services” after SomaBay signed an agreement with luxury lifestyle group Quintessentially. The partnership will give SomaBay residents access to “premium and shopping events,” restaurant booking, and travel logistics services, the statement says. (pdf)

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