Edita’s (EFID) chairman Hani Berzi has ruled out the possibility of the company increasing its products’ prices in the coming months, despite the increase in sugar prices.
More Details🧐 Berzi said that the government’s recent decision to raise the prices of subsidized sugar should not affect the company’s current performance, adding that international sugar prices have been rising for the past four months.
Why is this Important🤔 Edita had raised the prices of its Molto products back in October 2021 after international sugar prices rose by 40% during Q4-2021.
Berzi said the company is continuing its expansion plan for this year, pointing out that it’s currently studying the amount it plans on investing in 2022.
