Fish prices crash in Eastern Province
(MENAFN- Arab News) DAMMAM: A 50 percent decline in the prices of some types of fish in the Dammam Central Market was noted compared to the previous month.
Fish sellers attributed this decline to an increased fish supply and fall in demand from hotels and consumers during the past few days.
Eissa Mahesh a fish seller in the Dammam market said: "The increased demand in Ramadan for red meat and poultry has led to a decline in fish prices. In addition calm weather conditions during the past few days led to an oversupply of fish in the markets."
He said this decline may continue until the last days of Ramadan and then prices will begin to increase again.
Hussein Al-Sheikh another fish seller said: "Fish prices are likely to be volatile in the coming days due to an oversupply of fish and the long period of display in the market after fishing but these prices will become stable and rise again during Eid due to high demand. Summer often witnesses an increase in the prices of some types of fish."
Fish sellers attributed this decline to an increased fish supply and fall in demand from hotels and consumers during the past few days.
Eissa Mahesh a fish seller in the Dammam market said: "The increased demand in Ramadan for red meat and poultry has led to a decline in fish prices. In addition calm weather conditions during the past few days led to an oversupply of fish in the markets."
He said this decline may continue until the last days of Ramadan and then prices will begin to increase again.
Hussein Al-Sheikh another fish seller said: "Fish prices are likely to be volatile in the coming days due to an oversupply of fish and the long period of display in the market after fishing but these prices will become stable and rise again during Eid due to high demand. Summer often witnesses an increase in the prices of some types of fish."
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment