Juhayna raising prices for the third time

Dairy products manufacturer Juhayna could raise the price of juice and dairy products for a third time in as many months, citing increasing production costs, Al Mal reported. Juhayna joins its FMCG counterparts, who have reportedly increased their prices by 10-40% with the start of 2017. Juhayna had already raised its prices by 10% two months ago, adding a further 15% earlier this week, said company CFO Sameh El Houdaiby. The increases will be limited to 10-15%, El Houdaiby added, noting that the company cannot sustain operations with an FX rate of over EGP 19 per USD 1 without a change in pricing.