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Cooperative union warns against wholesale prices' hike
August 31, 2016, 5:46 pm

The Union of Cooperative Societies urged the stores on Wednesday to reject any unjustified increase of commodities' prices by wholesale traders.

Saad Al-Shabo, the union chairman, said on a statement that some goods' importers may hike the rates at pretext of higher costs due to the higher fuel prices. Traders must abide by the rates set by the federation, he said. He urged societies' stakeholders and consumers to report about controversial high prices of commodities. The union was established in 1971, signaling launch of the cooperative businesses in the country. 

Source: KUNA

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