{"id":544882,"date":"2022-03-24T03:46:20","date_gmt":"2022-03-24T03:46:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/edita-bumps-up-pricing-amid-global-commodities-squeeze\/"},"modified":"2022-03-24T03:46:20","modified_gmt":"2022-03-24T03:46:20","slug":"edita-bumps-up-pricing-amid-global-commodities-squeeze","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/edita-bumps-up-pricing-amid-global-commodities-squeeze\/","title":{"rendered":"Edita bumps up pricing amid global commodities squeeze"},"content":{"rendered":"<p><strong>INFLATION WATCH-<\/strong> <strong>Edita Food Industries has raised prices for some of its products <\/strong>by EGP 1-2, it <a href=\"https:\/\/ent.news\/2022\/3\/Edita-increased-prices-March-2022.pdf\">said<\/a><a href=\"https:\/\/ent.news\/2022\/3\/Edita-increased-prices-March-2022.pdf\">(pdf)<\/a> yesterday. Products in its baked goods line that were previously priced at EGP 4 will now sell for EGP 5, while products previously priced at EGP 5 will now sell for EGP 7. Edita\u2019s Freska line will now sell for EGP 3 from EGP 2 previously.<\/p>\n<p><strong>ALSO- Shoes and leather production has reportedly decreased by up <\/strong><strong>to 50% <\/strong>due to an \u201cexaggerated\u201d rise in input costs, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=23032022&id=3a5adbbf-8946-46a3-917e-8ee7b6e83b66\">Al Shorouk<\/a> reports. Factory owners have filed complaints due to their inability to cope with the recent cost increases, which the head of the leather division at the Federation of Egyptian Industries says have amounted to 15-30% in recent weeks.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Digital healthcare platform Altibbi is <\/strong><strong>providing<\/strong><strong> medical consultations (<\/strong><strong><a href=\"https:\/\/ent.news\/2022\/3\/Altibbi-Egypts-Ministry-of-Health-and-Population-partnership-23-March-2022.docx.pdf\">pdf<\/a><\/strong><strong>) without charge to plasma donors<\/strong> in partnership with the Health Ministry\u2019s <a href=\"https:\/\/ent.news\/2022\/3\/Altibbi-Egypts-Ministry-of-Health-and-Population-partnership-23-March-2022.docx.pdf\">national blood plasma project<\/a>.<\/li>\n<li><strong>SomaBay residents are getting access to \u201cbespoke lifestyle management and<\/strong><strong> concierge services\u201d<\/strong> after SomaBay signed an agreement with luxury lifestyle group <strong>Quintessentially<\/strong>. The partnership will give SomaBay residents access to \u201cpremium and shopping events,\u201d restaurant booking, and travel logistics services, the statement says. (<a href=\"https:\/\/ent.news\/2022\/3\/Somabay-X-Quintessentially-Press-Release-V2-1.pdf\">pdf<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>INFLATION WATCH- Edita Food Industries has raised prices for some of its products by EGP 1-2, it said(pdf) yesterday. Products in its baked goods line that were previously priced at EGP 4 will now sell for EGP 5, while products previously priced at EGP 5 will now sell for EGP 7. Edita\u2019s Freska line will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,1442,191,72,564,259,182,1443],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544882","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-altibbi","tag-edita","tag-enterpriseam","tag-food","tag-health-ministry","tag-inflation","tag-somabay","wpautop","entry"],"acf":{"mongo_id":"91e02246-6381-4035-b290-5bbdb10b3e25","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[544862],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Edita bumps up pricing amid global commodities squeeze - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/edita-bumps-up-pricing-amid-global-commodities-squeeze\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Edita bumps up pricing amid global commodities squeeze\" \/>\n<meta property=\"og:description\" content=\"INFLATION WATCH- Edita Food Industries has raised prices for some of its products by EGP 1-2, it said(pdf) yesterday. Products in its baked goods line that were previously priced at EGP 4 will now sell for EGP 5, while products previously priced at EGP 5 will now sell for EGP 7. Edita\u2019s Freska line will [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/edita-bumps-up-pricing-amid-global-commodities-squeeze\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-24T03:46:20+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/edita-bumps-up-pricing-amid-global-commodities-squeeze\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/edita-bumps-up-pricing-amid-global-commodities-squeeze\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Edita bumps up pricing amid global commodities squeeze\",\"datePublished\":\"2022-03-24T03:46:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/edita-bumps-up-pricing-amid-global-commodities-squeeze\/\"},\"wordCount\":206,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"Altibbi\",\"Edita\",\"EnterpriseAM\",\"food\",\"Health Ministry\",\"inflation\",\"somabay\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/edita-bumps-up-pricing-amid-global-commodities-squeeze\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/edita-bumps-up-pricing-amid-global-commodities-squeeze\/\",\"name\":\"Edita bumps up pricing amid global commodities squeeze - 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Revenues increased by a third to EGP 1.39 bn on higher\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/307.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":607724,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/snackmaker-edita-expands-frozen-food-segment\/","url_meta":{"origin":544882,"position":1},"title":"Snackmaker Edita expands frozen food segment","author":"enterpriseam admin","date":"9 October 2023","format":false,"excerpt":"Edita recently doubled its capex for the year to EGP 800 mn","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/428.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602876,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/09\/edita-to-launch-new-bonbon-candy\/","url_meta":{"origin":544882,"position":2},"title":"Edita to launch new BonBon candy","author":"enterpriseam admin","date":"9 April 2019","format":false,"excerpt":"Snackfoods giant Edita is launching a line of juice-filled stick candies under the BonBon brand in strawberry, orange, and apple flavors, according to an emailed statement (pdf). The introductory SKUS will be priced at at EGP 2 per package. The candies will be produced at the EGP 62 mn E15\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":606621,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/19\/edita-turns-to-nbk-to-finance-fancy-foods-acquisition\/","url_meta":{"origin":544882,"position":3},"title":"Edita turns to NBK to finance Fancy Foods acquisition","author":"enterpriseam admin","date":"19 September 2023","format":false,"excerpt":"The amount will be used to refinance the acquisition of Edita Frozen Food Industries and fund its expansion.","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1171.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574806,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/22\/edita-food-industries-to-receive-egp-105-mn-loan-from-arab-bank\/","url_meta":{"origin":544882,"position":4},"title":"Edita Food Industries to receive EGP 105 mn loan from Arab Bank","author":"enterpriseam admin","date":"22 September 2020","format":false,"excerpt":"Edita Food Industries signed a medium-term loan worth EGP 105 mn with Arab Bank to finance a new production line, according to an EGX filing (pdf). The loan will carry a seven-year tenor and will be issued at the 8% discount interest rate afforded to factories under the Central Bank\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649528,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/earnings-watch-edita-ek-holdings\/","url_meta":{"origin":544882,"position":5},"title":"Earnings watch: Edita, EK Holdings","author":"enterpriseam admin","date":"2 March 2017","format":false,"excerpt":"** EARNINGS WATCH- Edita announced net profit of EGP 47.4 mn in 2016, down 86.4% y-o-y even though revenues increased by 12.5% y-o-y to EGP 2.5 bn. Edita posted a very strong top line performance in the fourth quarter despite widespread expectation of a pullback in consumer spending on the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=544882"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544882\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/544862"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=544882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=544882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=544882"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=544882"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=544882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}