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MARKET FACET

Increasing Cost of Feasting Food

 

As the Easter holiday approached, the holiday buying frenzy in Addis Abeba was in full swing last week. Some residents felt the pinch on purses, while others, such as Mulunesh Waleleign (left), were satisfied with their purchases. She attributed her purchase of two chickens for a total of 110 Br to successful bargaining. her lifelong friend, Tiruwork Beyene (right), helped her tie up the fowls destined to become the Easter feast on Sunday, April 24, 2011.

They were among the few who went to the market earlier in the week to finish their shopping before the anticipated speculatuve escalation of prices towards the end of the week as the holiday drew nearer.

Shola market received mixed reviews from shoppers. In comparison with the same period last year, there was a significant increase in the average prices of meat and animal products, ranging from sheep and ox to butter and eggs, according to the majority of those surveyed by Fortune.

The price of “yehabesha” and “yeferenge” eggs, sold at 1.65 Br, showed an increase of 10pc over last year’s prices around Easter. The price of one kilogramme of butter was, on average, 125 Br last week, an increase of 65 Br (38.9pc) over the price of last year. The price of sheep, ranging between 500 Br and 2,650 Br for a small and big animal, respectively, showed an increase of 160pc. The price of an ox has also risen dramatically. Prices stood between 8,000 Br and 21,000 Br last week, a leap of 40pc from the previous year. Big, live chickens cost 11pc more last week, than they did last year. This makes holiday shopping beyond consideration for people such Tsegereda Asgedom, 38, domestic worker providing laundery, with an average monhtly income of 400 Br.

While most prices had increased, one item, “yeferenge” onions, showed a sharp decrease from 6.50 Br per kilogramme to 4.50 Br per kilogramme. The price of the local variety remained as it was last year: 10 Br. Find Out More

 
NEWS
 
 

Hailemariam Leads Senior Ministers to UK Investment Forum

 

A high-level Ethiopian delegation, led by Hailemariam Desalegn, deputy prime minister and minister of Foreign Affairs (MoFA), is scheduled to leave for London in the first week of June 2011, to participate in the first investment forum between the United Kingdom (UK) and Ethiopia, sources disclosed to Fortune.

 
     

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Ethiopian Fires 21 Trainee Cabin Crewmembers

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Freight Forwarder Claims Exporter Files Suit Too Late

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Should Diaspora Members Be Allowed to Practice Law?

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Growing Remittance through Banks Has Black Market Grumbling

Around holidays, such as Easter being celebrated this weekend, more Ethiopians than usual receive remittances from family members or friends abroad. An increasingly popular way of sending the money is through banks or remittance service providers (RSPs),...

     

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Ministry Caps Skin Prices for Leather Factories

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Kereyu Hill to Inaugurate Adama’s First Resort Hotel

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Raya Sells 65pc of Targeted Founding Shares

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Lion Argues Bank Lacks Insurable Interests to Claim 3m Br

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/FEATURE

Knife Sharpeners Making Seasonal Killing

Holidays bring different challenges along with opportunities. For some, Easter offers the opportunity to earn extra cash. The demand for the services of people slaughtering animals at one’s home has declined, while the sharpeners and sellers of knives made from scrap metal are experiencing a boom in business,...

     

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Subsistence Farmers Hard-hit by Drought in South

Kalito Dawit, 40, a mother of seven, owns half a hectare of land covered with maize, beans, sweet potatoes, and enset (false banana).

     

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/FEATURE

Less Holiday Cheer

Last week, liquor sellers complained that sales have been down lately and few of them expected business to improve towards the end of the week, as the Easter festivities drew nearer, ...

     

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