Close Menu
    Facebook X (Twitter) Instagram
    Wednesday, June 25, 2025
    961
    Instagram Facebook LinkedIn TikTok
    • Breaking News
    • Guides
    • Food & Drink
    • Listicles
    • Join the Team
    • Whatsapp
      • 961
      • 961 News
    Advertise with Us Get the App
    961
    Home»News»Lebanon News
    Economy Minister_ Prices Will Start to Decline Next Week
    LAU
    3 Mins Read

    Food Prices Should Now Start Decreasing In Lebanon

    By Hussein YassineJune 3, 2020
    Facebook WhatsApp Copy Link

    Lebanese citizens should start to notice a decline in the prices of food products as soon as this week, according to the Minister of Economy and Trade, Raoul Nehme.

    In a talk with Al-Joumhouria, Minister Nehme predicted that the Lebanese should “start feeling the difference in the prices of basic food commodities within a week, at the latest.”

    The minister explained that the decline in the prices of food products depends on the speed at which the products will be unloaded from the ports.

    View this post on Instagram

    A post shared by Mondanité Official (@mondanite) on Jan 8, 2018 at 11:17am PST

    He noted that some companies pay their dues “as soon as the goods arrive at the ports,” which indicates a faster release to the local market in such cases.

    Ultimately, “this will depend on the agreements concluded with external companies. We have drowned under the orders and will fulfill all of them,” Nehme stated.

    On that note, the official also predicts that clearing the next shipments at the ports will be “easier and smoother” than this first time, wherein the ministry requested necessary paperwork from the companies to process the first exchange.

    Economy Minister Raoul Nehme
    Sawt Beirut

    One essential food commodity that recently made the news in Lebanon is bread. On Tuesday, June 2nd, the Economy Minister announced a new weight/price ratio for bread sales in Lebanon.

    After a prolonged meeting with the Syndicate of Bakery Owners and in light of a study conducted by the ministry on the matter, Minister Nehme decided to fix bread prices as follows:

    -A large-size pack of white (pita) bread (900g): No higher than 1,500 LBP.
    -A medium-size pack of white (pita) bread (400g): No higher than 1,000 LBP.

    As per the decision, pita bread produced by major bakeries in Lebanon must strictly conform with the above standards.

    View this post on Instagram

    A post shared by Anthony Rahayel (@nogarlicnoonions)

    But as it seems, not all bakeries were made aware of this development.

    The Syndicate of Bakery Workers of Beirut and Mount Lebanon just released a statement on Wednesday afternoon, saying its members were “surprised” by the new standards that Minister Nehme specified.

    The statement said that the Syndicate had not been made aware of the fact that the meetings to study the pricing of bread had been taking place recently.

    In response, the Syndicate urged the government to “support the basic and primary materials that go into making bread, instead of reducing the weight of a bundle of bread in these difficult circumstances and high prices that affect everyone.”

    *Photo used for illustrative purposes only.

    Share. Facebook Twitter LinkedIn WhatsApp Reddit Email

    For You

    uae travel ban lebanon 961

    UAE Is Officially Removing The Travel Ban On Lebanon

    Joe Issa El-Khoury 961

    Who is Joe Issa El-Khoury, Lebanon’s New Minister of Industry

    Adel Nassar 961

    Who is Adel Nassar, Lebanon’s New Minister of Justice

    Nizar Hani 961

    Who is Nizar Hani, Lebanon’s New Minister of Agriculture

    Charles Hajj 961

    Who Is Charles Hajj, Lebanon’s New Minister of Telecommunications

    Nora Bayrakdarian 961

    Who is Nora Bayrakdarian, Lebanon’s New Minister of Youth and Sports

    Low-Cost Lebanese Airline 961

    We Might Finally Be Getting A Low-Cost Lebanese Airline – Here’s What We Know

    lebanon jounieh cyprus by ferry 961

    You’ll Soon Be Able To Travel Between Lebanon & Cyprus By Ferry

    June 8, 2025
    Michel Hayek

    Michel Hayek 2025: Predictions For The World

    December 31, 2024

    20 Celebrities You Probably Didn’t Know Had Lebanese Roots

    April 22, 2019
    whish pay lebanon 961

    You Can Now Use Whish Pay At Shopify Stores

    June 13, 2025
    Michel Hayek

    Michel Hayek 2025: Predictions For Lebanon

    December 31, 2024

    Lebanon’s Shawarma Is Going Viral in The Philippines

    April 21, 2019
    Michel Hayek

    Michel Hayek 2025: Predictions For The Middle East

    December 31, 2024

    The WWE Wrestling Icon You Probably Didn’t Know Is Lebanese

    May 3, 2024

    20 Typical Lebanese Slang Expressions

    April 21, 2020
    961 Logo
    Facebook WhatsApp TikTok Instagram

    Popular Topics

    • Guides
    • Eat & Drink
    • Listicles
    • Lebanon News
    • Diaspora
    • Explained

    961

    • About
    • WhatsApp Channel
    • News WhatsApp Channel
    • Corrections Policy
    • Ownership & Funding

    Services

    • Advertise
    • Careers
    • App Waitlist
    • Contact Us
    • Newsletter
    961™ | All Rights Reserved ©2025
    • Privacy Policy
    • Terms

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Okay