The UAE has witnessed a notable stability in food prices in the local market for the third consecutive week, providing relief to consumers amid global economic fluctuations. According to data from the Ministry of Economy, this calm in the prices of key food products reflects a state of stability and confidence in the market. This article will review the details of the continued stable food prices in the UAE.
Stability of Key Food Prices
Food prices in the UAE have remained stable for the third week in a row, according to data from the Ministry of Economy. The ministry indicated that there has been stability in the prices of nine major food groups until the end of May. This stability reflects the government’s commitment to price monitoring and consumer protection.
Price Details in the Market
According to the prices reported by the ministry’s commodity monitoring platform, the price of cooking oil has stabilized, starting from 5 dirhams and reaching just below 18.7 dirhams for bottles ranging between 1.7 and 1.8 liters. The price of flour has also remained steady, ranging from 2.1 dirhams to 5 dirhams per kilogram. Meanwhile, the price of rice per kilogram ranged between 4 and 16 dirhams, depending on the varieties and sales outlets. At the same time, the price of sugar per kilogram started at 2.25 dirhams and reached up to 5 dirhams, while the price of legumes began at 3 dirhams per kilogram.
Fresh Produce
For fresh produce, the price of a pack of white bread slices started from 6.14 dirhams to 9.17 dirhams. The price of a liter of fresh milk has stabilized between 3.75 dirhams and 5.62 dirhams. The price of powdered milk has remained fixed at 20.79 dirhams per kilogram. Regarding chicken prices, the price of fresh chicken per kilogram has stabilized between 10.7 dirhams and 20.8 dirhams, while the price of eggs ranged between 0.27 and 0.77 dirhams per egg.
Future Market Trends
As food prices in the UAE remain stable for the third week, consumers are looking forward to more of this sustainability in the upcoming period. This reflects the government’s concern for ensuring market stability and the comfort of citizens, which may help boost the local economy amid the global challenges faced by all countries.