{"id":649733,"date":"2017-03-07T04:38:03","date_gmt":"2017-03-07T04:38:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/juhayna-hikes-prices-by-42-following-egp-float\/"},"modified":"2017-03-07T04:38:03","modified_gmt":"2017-03-07T04:38:03","slug":"juhayna-hikes-prices-by-42-following-egp-float","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/juhayna-hikes-prices-by-42-following-egp-float\/","title":{"rendered":"Juhayna hikes prices by 42% following EGP float"},"content":{"rendered":"

Juhayna increased prices by 42% due to a 50% spike in costs incurred by the EGP float, CEO Seif Thabet told Al Arabiya<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Juhayna increased prices by 42% due to a 50% spike in costs incurred by the EGP float, CEO Seif Thabet told Al Arabiya.<\/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":[9309],"tags":[2416,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-649733","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"f14698e3-152e-492d-b814-ba674a1c560f","order":"0","is_powered_by":true,"section_story_id":"f33b38c6-dfda-4f3b-8820-b183b18f2d5f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649701],"teaser":"","voice_url":""},"yoast_head":"\nJuhayna hikes prices by 42% following EGP float - 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\/2017\/03\/07\/juhayna-hikes-prices-by-42-following-egp-float\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Juhayna hikes prices by 42% following EGP float\" \/>\n<meta property=\"og:description\" content=\"Juhayna increased prices by 42% due to a 50% spike in costs incurred by the EGP float, CEO Seif Thabet told Al Arabiya.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/juhayna-hikes-prices-by-42-following-egp-float\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-07T04:38:03+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/juhayna-hikes-prices-by-42-following-egp-float\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/juhayna-hikes-prices-by-42-following-egp-float\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Juhayna hikes prices by 42% following EGP float\",\"datePublished\":\"2017-03-07T04:38:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/juhayna-hikes-prices-by-42-following-egp-float\/\"},\"wordCount\":28,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Basic Materials + Commodities\",\"EnterpriseAM\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/juhayna-hikes-prices-by-42-following-egp-float\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/juhayna-hikes-prices-by-42-following-egp-float\/\",\"name\":\"Juhayna hikes prices by 42% following EGP float - 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The company expects sales to recover as consumers see improved purchasing power in the second half of the year. Juhayna will increase prices by 5% if the EGP : USD rate settles at\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652211,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/juhayna-raising-prices-for-the-third-time\/","url_meta":{"origin":649733,"position":1},"title":"Juhayna raising prices for the third time","author":"enterpriseam admin","date":"3 January 2017","format":false,"excerpt":"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\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648419,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/juhayna-inaugurates-egp-600-mn-dairy-farm-in-bahariya\/","url_meta":{"origin":649733,"position":2},"title":"Juhayna inaugurates EGP 600 mn dairy farm in Bahariya","author":"enterpriseam admin","date":"3 April 2017","format":false,"excerpt":"Juhayna inaugurated yesterday its new EGP 600 mn dairy farm in Bahariya, Al Shorouk reports. The farm, which spans 10k feddans, will cover 10% of the company\u2019s raw milk needs, but the company will not cut back on purchasing milk from other farms, board of directors member Aqeel Bashir said.","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637475,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/dairy-sales-down-20-this-year\/","url_meta":{"origin":649733,"position":3},"title":"Dairy sales down 20% this year","author":"enterpriseam admin","date":"16 November 2017","format":false,"excerpt":"Dairy consumption has been down this year, as industry sales fell 20% in 2017, Juhayna CEO Saif Thabet said, according to Al Borsa. Thabet blamed low consumer purchasing power as a result of the EGP float in addition to inflation. He did state that a recovery is at hand, and\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625667,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/juhayna-not-planning-to-hike-prices\/","url_meta":{"origin":649733,"position":4},"title":"Juhayna not planning to hike prices","author":"enterpriseam admin","date":"12 August 2018","format":false,"excerpt":"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 \u201clarge share\u201d of the company\u2019s overall costs. Cheesemaker\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646025,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/04\/juhayna-sales-volume-drop-20-30-y-o-y-ramadan-to-provide-bump\/","url_meta":{"origin":649733,"position":5},"title":"Juhayna sales volume drop 20-30% y-o-y, Ramadan to provide bump","author":"enterpriseam admin","date":"4 June 2017","format":false,"excerpt":"Juhayna says its sales volume across all offerings dropped 20-30% y-o-y, but its market share remains intact, the company\u2019s management said in its 1Q2017 earnings call. 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