Lebanon is witnessing a new wave of high prices in light of the interruption of supply chains and the increase in the cost of shipping and marine insurance associated with it. The crisis is concentrated in the wheat file. As the inventory of this vital substance is not sufficient for more than a month and a half months, with a maximum, with the start of wheat. While the government appears in "Kuma", the data indicates contacts with the American ambassador, who promised to secure a quantity of wheat and moving silos for storage, but such a mechanism requires between three and four months. The Minister of Economy, Amin Salam, is also suspended that he seeks to buy wheat from Canada. Note that the time it takes to reach the ships from Canada to Lebanon is not less than four months.
In the absence of any clear mechanism to confront the crisis, it is expected that the sugar crisis will also be exacerbated soon after the global demand for this substance, especially since we are at the gates of Ramadan when the demand for sugar rises, and in light of Algeria's decision to stop its export, while the closest possible date to obtain sugar is possibleFrom Morocco, not before next.
As for the stock of oil derivatives, the dispute is currently not related to the stock and the availability of quantities as much as the daily pricing that merchants want.The minister has rejected the request of companies and the owners of the stations, a new increase estimated at about ten percent, linking the high prices globally.The Minister of Energy decided to apply to issue a price installation schedule.Accordingly, the biggest problem will be for the owners of neighborhood generators who have started legalizing nutrition.While a noticeable activity is recorded in storing gasoline, diesel and flour, which automatically leads to expecting the black market activity in the coming days.
"Al -Akhbar" learned from an informed Egyptian source that Cairo is not in the risk of signing the gas supply agreement to Lebanon before obtaining two papers: the first is related to a clear, frank and complete exemption from the penalties of the Caesar Law, and the second relates to explicit, documented and programmed approval from the World Bank to finance the process.He added: «The Americans told us, explicitly, that the papers are not yet ready, and that the Jordanian electricity file is linked to the agreement first to drag Egyptian gas.This is what Lebanon also informs from the Jordanian side.