Bohsali explained, in a statement issued today, that there are currently no justifications for additional increases in food prices, noting that the factors that prevented prices from falling are still in place, but they have not worsened to an extent that justifies placing new burdens on consumers.
Regarding the reality of food supplies, Bohsali stressed that food and consumer goods will remain available in the Lebanese markets, pointing out that even during the most difficult stages of the war, the markets did not witness any interruption in basic goods.
He explained that the closure of the Strait of Hormuz will not affect the flow of food supplies to Lebanon, as most Lebanese imports do not pass through this strait, indicating that the direct impact of the closure is limited to the rise in oil prices, and the resulting increase in the cost of energy, transportation, and insurance premiums, and not on the availability of goods itself.
Bohsali stressed that the risk factor has become an essential part of the price calculation mechanism, explaining that pricing is not based only on the actual cost, but also takes into account commercial and logistical risks that may impose additional burdens on importers. However, he stressed that this does not constitute a justification for making any ill-considered increases or not based on a real increase in costs.
