Muhammad Al-Akkad, a member of the Cardamom Market Committee in Damascus, confirmed that Syrian farmers are incurring huge losses due to wholesale prices being lower than production costs, amid demands to provide government support for diesel, fertilizers and seeds, while exporting potatoes and tomatoes to the Gulf continues.
AI-generated summary
Syrian farmers suffer from high production costs in exchange for low selling prices in local markets.
A member of the committee managing the central cardamom market in Damascus, Muhammad Al-Akkad, said that the market committee has nothing to do with prices outside the central market, considering that the farmer remains the victim, given that all wholesale prices are lower than the cost he offers, which has made him doomed to loss throughout this season.
Al-Aqqad pointed out the contradiction that makes the prices of vegetables very low compared to their cost for the farmer, while the citizen sees them as high compared to his income.
It is noteworthy that Syrian vegetables, with the exception of potatoes and tomatoes, do not find their way to Arab markets, which created a surplus in their production. However, their prices remained a source of complaint for most Syrian families.
Syria exports 30 containers of tomatoes and potatoes each day, with a capacity of 25 tons, most of which reach the Gulf countries.
Syrian farmers are demanding that government support be provided to them due to the losses they incurred this season and the fall in prices below cost. They focus their complaints on subsidizing agricultural diesel, fertilizers and seeds, and the need for the price of diesel for farms to be lower than the price of diesel for factories.

German industrial production fell by 1.1% in July due to the automobile sector, coinciding with a historic victory for the Alternative for Germany party in Saxony-Anhalt, raising questions about the party’s ability to address labor shortages and structural challenges.

German industrial production saw a surprise decline in July of 1.1% due to the automotive sector. At the same time, the Saudi financial market is considering raising the foreign ownership ceiling for listed companies to attract investment flows estimated at billions of dollars.

Global markets witnessed mixed reactions; Gulf and Japanese stocks rose amid geopolitical caution, while house prices in Britain recorded their first annual decline in 3 years, affected by rising borrowing costs.

Japanese stocks jumped more than 2%, led by chip and artificial intelligence companies, with bond yields returning to rise and markets awaiting a rate hike by the Bank of Japan next week.

European stocks fell, affected by the rise in oil prices and expectations of an interest rate hike, while Saudi-Serbian relations witnessed new economic momentum with trade exchange growing by 152% and preparations for the Expo exhibitions.

House prices in Britain recorded their first annual decline in three years in August, hit by rising borrowing costs and geopolitical tensions. In parallel, Saudi-Serbian relations are witnessing rapid economic growth, with trade exchange increasing by 152%.