Juhayna not planning to hike prices

Leading dairy and juice producer Juhayna is not planning to raise its product prices in response to the latest hike in the cost of energy and fuel, External Communications Head Passant Fouad tells Al Mal, noting that energy does not constitute a “large share” of the company’s overall costs. Cheesemaker Obour Land had previously said they would raise their prices and expectations were for Domty to also increase retail prices by 2-4% in order to cope with rising fuel and energy costs.