26.1 C
Dubai
Wednesday, November 6, 2024
spot_img

UAE: No price hikes for rice, coffee and oil at major supermarket chains – News

[ad_1]

Carrefour’s latest price-locking program covers over 200 daily essentials



photos provided

photos provided

Via web service desk

Posted: Thursday, October 27, 2022, 12:04 pm

Last update time: Thursday, October 27, 2022, 12:25 pm

Major supermarket chain Carrefour announced on Thursday that it will freeze the prices of more than 200 daily necessities in the UAE until the end of the year.

To help its customers stretch their budgets amid rising living costs around the world, the retailer has negotiated with suppliers to lock in prices on several items typically placed in residents’ shopping carts.

Products to be covered by the initiative include pasta, rice, cooking oil, coffee powder and sugar.

Carrefour said in a statement that the move will allow cupboard essentials, sweet and savory snacks, and all frozen foods to be available “at the lowest possible price.”

Christophe Orcet, Head of Carrefour Commercial and Operations at Majid Al Futtaim Retail, said: “Understanding the economic issues facing many households around the world, Carrefour remains committed to mitigating the impact of inflation through our various low price strategies.

“With the help of our suppliers, we have been able to secure prices on more than 200 products while minimizing our margins to ensure stability. We hope this reassures our customers that hundreds of everyday essentials will remain the same in the future Great prices for a few months.”

Carrefour’s price lock also covers home furnishing brands such as Nutella, Bonne Maman, Heinz, Betty Crocker and Kellogg’s. Efforts to stabilize prices have resulted in lower margins on more than 300 products throughout 2022.

Also read:

[ad_2]

Source link

Related Articles

UAE Stands in Solidarity: Extends Heartfelt Condolences to Egypt After Military Helicopter Tragedy

 UAE recently demonstrated its unwavering solidarity and deep commitment to regional unity by extending heartfelt condolences to Egypt following a tragic military helicopter accident...

UAE Shines on the Global Stage: 16th Abu Dhabi World Professional Jiu-Jitsu Championship Draws Elite Athletes to Mubadala Arena

UAE recently witnessed a dazzling display of athleticism and global sportsmanship at the 16th Abu Dhabi World Professional Jiu-Jitsu Championship, held at the renowned...

Abu Dhabi Leads Global Health Frontier: Largest-Ever WHO Emergency Medical Teams Meeting Unites 1,300 Experts Worldwide

Abu Dhabi recently marked a milestone in global health by hosting the largest-ever World Health Organization (WHO) Emergency Medical Teams (EMT) meeting. This pivotal gathering...

The Journey of Berrylush: A Story of Passion, Perseverance, and Purpose

In 2018, Berrylush was born from the shared vision of two IIM graduates, AnushaChandrashekar and Alok Paul, who saw a glaring gap in the...

UAE Strengthens Global Alliances: Landmark Diplomatic Engagements with Russia and Singapore Propel Strategic Partnerships

UAE has been actively engaged in high-level diplomatic efforts, further cementing its role as a key player on the global stage. Recently, President Sheikh Mohamed...

Latest Articles