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Traders directed to reduce prices

By Wek Atak Kacjang

The Central Equatoria State Chamber of Commerce, Industry and Agriculture has calledon traders to reduce the food commodities in the markets.

Speaking to Juba Monitor yesterday, the Central Equatoria State Chamber of Commerce Industry and Agriculture Chairperson Robert Pitia said the State Chamber of Commerce will roll-out to meet with all suppliers next week regarding reduction of food commodities in market.

“We understand that dollar’s rate has gone down, there is no need for them to increase prices in the markets. We need the Ministry of Trade to set up the prices of commodities so that it gives us power as State Chamber of Commerce to monitor this people in the markets,” Mr. Pitia said.

He added that it is right time for the State Chamber of Commerce to intervene and rescue the citizens over high increase of prices in the markets. Our role and mandate as Chamber of Commerce is to advocate, protect and promote a business and to deliverservices to the citizens.

Last week, the local currency South Sudan Pound has strongly gained against the USD less than a week but food commodities in the market remained high. The change in the economy behavior came immediately mid this month after central Bank rolled-out an auction and injected three million United State Dollars to 20 qualifying commercial banks and two million USD to Forex Bureaus in Juba with the intention of making it possiblefor traders to purchase essential food commodities which are always imported from abroad.

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