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Fresh milk prices up

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Muscat: Prices of dairy products, including fresh products have been increased in the Sultanate.

Speaking to the Observer, retailers said that while the company increased the prices from the beginning of this year, it is now that we have started getting batches of milk cans with new price tags.

Retailers added that the prices of the Al Rawabi brand have increased while the Omani brands Mazoon and Al Safwah have kept prices the same for now.

For now, a two-liter milk can cost RO1.100 in hypermarkets instead of RO1.000, while at neighborhood stores, the same 2 litres can cost 50 more to R1.150.

The one-gallon milk cans will now cost RO1.980, while that of Omani brands (Mazoon and Al Safwah) will cost RO1.800, according to the retailers.

With fresh daily products part of the daily budget for all Oman households, even a slight increase like this will be felt by citizens and residents as evident from social media trends.

The inflation rate of the Consumers Price Index (CPI) in Oman stood at 1.98 percent during December 2022, according to the latest data issued by NCSI.

Earlier this month, Saudi dairy Almarai Company attributed the price hike to increased shipping costs, higher cost of product ingredients, and increased fodder prices.

The company said that these factors resulted in a huge increase in the production cost in the recent past, which was reflected in the adjustment of the prices of a few dairy products to cover part of the higher costs.

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