Trade4go Summary
Hussein Abdel Rahman Abu Saddam, head of the Farmers’ Syndicate, has called on the Egyptian government to regulate transportation pricing for fertilizers, pesticides, and vegetables due to arbitrary fare increases by truck drivers following diesel price hikes. Despite a smaller increase in diesel prices, some drivers have raised fares by 30%, leading to higher transportation costs and significant price hikes in the Obour wholesale market. This issue is compounded by inflation and the devaluation of the Egyptian pound, affecting land transport companies that rely on diesel and imported spare parts.
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Original content
Hussein Abdel Rahman Abu Saddam, head of the Farmers’ Syndicate, called on the Egyptian government to implement “pricing” for means of transporting fertilizers, pesticides, and vegetables, in view of the arbitrary increases that occur in “loom” following every increase in the price of diesel, similar to services and microbuses. Abu Saddam added - in exclusive statements to Al Mal - that some medium and long-distance truck drivers raised the fare by 30%, even though the increase in a liter of diesel was much less than that, especially on the first day of implementing the increase. “Abu Saddam” reported that there was an increase in the prices of fertilizer transportation freight by about 30%, with the jumbo load reaching 3,600 pounds, compared to 300 pounds for medium distances within the Delta governorates. The sources explained that this increase is expected after moving the price of diesel and will be implemented as of the day after tomorrow as a result of the government’s ...