{"id":32634,"date":"2022-03-08T10:51:40","date_gmt":"2022-03-08T09:51:40","guid":{"rendered":"https:\/\/euronews.al\/en\/?p=32634"},"modified":"2022-03-08T10:51:40","modified_gmt":"2022-03-08T09:51:40","slug":"prices-expected-to-rise-from-30-all-the-way-to-50-says-head-of-kash","status":"publish","type":"post","link":"https:\/\/euronews.al\/en\/prices-expected-to-rise-from-30-all-the-way-to-50-says-head-of-kash\/","title":{"rendered":"Prices expected to rise from 30% all the way to 50%, says head of KASH"},"content":{"rendered":"

The current state of our economy is getting more and more difficult by the day, especially since rising prices have come as a surprise on all fronts.<\/p>\n

This is what the head of the Agribusiness Council (KASH), Agim Rrapaj, said during an interview for Euronews Albania, during which he also maintained that prices in the upcoming weeks and months are expected to rise from 30% all the way to 50%.<\/p>\n

\u201c[It\u2019s getting very difficult] to invest in the present situation, with the current price hikes or the current international conjuncture \u2013 and let\u2019s not forget, we\u2019ve already gone through the earthquake, the pandemic, rising prices, and we\u2019ve also faced incredibly harsh weather condition,\u201d \u2013 said Rrapaj.<\/p>\n

In addition, Rrapaj argued that farmers can\u2019t afford these market fluctuations and many of them are hesitating to invest any further which represents the first element of this crisis. \u2018Farmers are reluctant and have taken a step back until they can have a clearer understanding of what\u2019s actually going to happen,\u2019 \u2013 said the expert.<\/p>\n

Meanwhile, the deputy minister of agriculture in North Macedonia, Abdylshyqyr Abedini said that the Macedonian government decided to freeze the margins for basic commercial products so that citizens\u2019 experience of the incoming crisis can be smoother.<\/p>\n

\u201cAccording to our calculations, 5% of our trade margins are made up of the wholesale market and 10% from our retail sales,\u201d \u2013 said Abedini while explaining that this measure came into force on March 1 and will continue through to May 31.<\/p>\n

In addition, he said that the rise in prices, be it in terms of energy, oil and its derivatives, and food products, is going on at a global scale and based on the fact that North Macedonia gets 70% of its imports from the European Union, these price hikes will be significantly reflected within Macedonian borders as well.<\/p>\n

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