Tripoli –The Minister of Economy and Trade in the Libyan National Unity Government, Suhail Abu Shiha, confirmed that the recent increase in the prices of flour and fodder in a number of Libyan markets is directly linked to the increase in shipping and supply costs at the port of Tripoli.
The minister explained, in statements reported by the Libyan News Agency, that the long waiting period for ships inside the port of Tripoli, which is the largest commercial port in the country, caused a significant increase in import costs for flour and feed mill companies.
The Libyan official indicated that shipping costs amounted, in some cases, to approximately one-fifth of the value of the shipment, which was directly reflected in the prices of a number of basic materials related to grains and feed within the local market.
He added that accelerating the entry of wheat and grain shipments represents an essential step to restore balance to the market and limit the rise in prices, highlighting that reducing the duration of transactions and procedures within the port would reduce storage and shipping costs and reduce the burden on consumers.
The minister’s statements came during a field visit to the port of Tripoli, devoted to examining ways to improve the port’s operational performance and reduce the waiting time for ships, especially by accelerating the adoption of an electronic system for customs declaration and commercial transactions.
Libya has recently been facing challenges related to supply chains and high maritime transport costs, in light of the pressures witnessed in the import sector and its impact on the prices of basic materials.
Source: “My press”
صحافة بلادي صحيفة إلكترونية مغاربية متجددة على مدار الساعة تعنى بشؤون المغرب الجزائر ليبيا موريتانيا تونس