Kuwaiti and GCC dairy companies want to raise product prices

 
 
 

The Commerce and Industry Ministry has received memos from local and GCC dairy companies requesting price increases due to cost increases in neighboring countries.

"The first request was by a GCC country, but other regional companies soon followed, as the ministry is about to study these requests during this month. "The ministry will review the requests to raise product prices as well as other requests, including the ceiling proposed during the COVID pandemic in 2020," sources told Kuwait Times.

"The ministry believes the requests are reasonable, given the rise in global prices following the COVID pandemic and the start of Russia's invasion of Ukraine," the sources added.

 
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IFL Kuwait