Price Freeze Uncertainty Plunges Market in Chaos
by kebede » Fri Jan 21, 2011 2:49 pm http://abbaymedia.com/News/?p=6202
Price Freeze Uncertainty Plunges Market in Chaos
January 21st, 2011 Comments Off
Kebele officials in Yeka District closed down shops selling locally produced edible oil at Shola Market because some of the vendors were not open for business in the morning after the price caps were announced. The vendors argued that they are not civil servants and not subject to those work hours.
Addis Fortune
Jitu Bekele, 25, a housewife and mother, was met with an unusual scene at Shola Market, located on Yeka District, in the morning of Thursday, January 13, 2011.
Although she had bought edible oil a week before, she had used it all, mostly in preparing doro wot, a popular chicken stew, for the Ethiopian Christmas. She had come with the happy thought that she would be able to buy a litre of the oil she wanted for no more than the 21.5 Br the government had set its price as.
However, she was charged 35 Br for a litre. Even more surprising than the price was the chaotic atmosphere she encountered at the market. It was abuzz with customers and traders arguing about the prices of not only edible oil but also other goods for which the government had set a ceiling price. Customers were also arguing amongst themselves; those who wanted to buy the items at the set prices were chiding the ones paying the prices shops asked.Read More
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