Edita Food Industries (EFID) announced an increase in prices for their Molto products.
Who is affected🤷 Edita increased the prices of Molto products that cost EGP 2 per unit, to EGP 3, & the price of Molto products priced at EGP 3 per unit to EGP 4 per unit. However, the company kept the prices of Molto products at EGP 5 unchanged.
Why is this important🤔 The company said the increase in Molto prices is a result of the rise in commodity prices in global exchanges. Edita Chairman Eng. Hani Berzi said that the price hike in Molto products came to offset the increased costs of raw materials prices globally, which resulted from global shortages in energy & supply chains.
