Dubai: When analyzing the cost of poultry, seafood, fruits and vegetables, here are some useful models that can help a buyer save money both in the short term and even more in the long term. .
Which months, which weeks are best for grocery discounts?
Although prices do not differ drastically during most months of the year, the government controlling costs and preventing any major price spikes – when looking at prices over the past ten months, the cost of food items remained largely under control.
Although we are at the start of the summer season, no noticeable change in prices has been observed, due to inflation or otherwise.
What days are ideal for grocery discounts?
During these months it has been observed that it pays to buy fresh chicken early in the week, especially on most Mondays.
On the other hand, the cost of seafood and vegetables was considered to be significantly cheaper halfway through the week, and the profitable fruit could ideally be picked up towards the end of the week.
Should I be worried about food price inflation?
With corn, wheat, soybeans and vegetable oils – which form the backbone of much of the world’s diet – becoming significantly more expensive, red flags have flashed for global purchasing budgets.
Last month, the Bloomberg Agriculture Spot Index – which tracks major agricultural commodities – rose the most in nearly nine years, amid a rally in crop futures. With global food prices already at their highest since mid-2014, this latest jump is being watched closely as staple crops have a pervasive influence on grocery store shelves – from bread and pizza dough to meat and even with sodas.
Soaring commodity prices are having a huge impact on households and threatening a global economy trying to recover from the damage of the coronavirus pandemic. They help fuel food inflation, causing more pain for families who are already struggling with financial pressure from lost jobs or income.
Emerging markets, in some cases already under pressure from weaker currencies, are particularly vulnerable as food costs represent a larger share of their spending. For the poorest and often politically unstable countries, soaring commodities threaten to further worsen hunger in the world.
However, as soaring crop prices affect countries around the world, the UAE is considering controlling the prices of some food items. The move from the UAE, which imports 90 percent of its food and allows its economy ministry to control prices, comes as several other countries around the world have suffered inflationary pressures.
Buy seafood every Wednesday!
If you are wondering which part of the week would be ideal for shopping for seafood at a lower cost than usual, the answer is always midweek. A study of prices over the past ten months has shown that the cost of fish and shrimp fell mainly on Wednesdays, while prices were higher at the start of the week.
The price of all variations of seafood, be it sea bass, hamour, martin, salmon, sea bream or small shrimp, has dropped halfway through the week, over the past 40 weeks. . So that would be good news for seafood lovers who were looking for profitable days for shopping!
Moreover, when analyzing the prices of these species of fish, it was also observed that the days when the prices remained largely high were at the beginning of the week, especially on Monday and sometimes on Sunday – so it would be cautious. avoid stocking up on seafood soon after. on weekends, to relax on your pocket and your finances.
Fruits are more profitable on weekends
If you are wondering what day of the week would be the best to pick fruit at a cheaper rate than usual, the price study of the last ten months also showed that the cost of all fruits was cheaper towards the end of the day. weekend. , making the weekend a great time to shop for fruit!
A weekly trend was also seen in which the price of bananas started to become cheaper around the middle of the week and cheapest during the weekend, just like oranges. The cost per kilogram of lemons has remained largely under control in recent months.
This would be considered good news for those looking for profitable days to buy citrus fruits! A similar trend emerged when analyzing the cost of apples and lime, which declined slightly towards the end of the week and became comparatively more expensive at the start of the week, particularly on Sundays and Mondays.
For fruits that have fluctuated, namely bananas, oranges and apples, prices increased earlier in the week on Sunday, and they became cheaper towards the end of the week. Again, proving that the weekend is a great time to shop for fruit!
Most vegetables are inexpensive midweek!
When it comes to vegetables, the prices of items like tomatoes, potatoes, cucumbers and lettuce have mostly fallen mid-week over the past 40 weeks, just over ten months.
The cost of onions, another common household staple, which has remained largely the same over the past few months at around Dh 2 per kilogram, saw prices momentarily soar before leveling off, which would be a good news for people looking to plan their grocery costs.
The cost of fresh chicken drops most Mondays
When analyzing the cost of poultry, beef and lamb over the past 40 weeks, it has been observed that it pays to buy fresh chicken largely at the start of the week, so that the cost of other poultry products like chicken and frozen eggs has remained the same. the same over the past ten months.
The price of fresh chicken continued to drop earlier in the week, mostly every Monday, making it a great time to buy and stock up. However, there were a few instances where prices also dropped right before the weekend.
So be on the lookout when shopping this weekend, keeping in mind that a kilogram of meat is currently at a fairly expensive price point of Dh13.5.
In contrast, the price of beef and lamb, be it variants from Australia, India, Pakistan or the United Arab Emirates, has remained the same, as has been the trend, and has not experienced any price fluctuation, during the last ten months.
Latest prices per kilogram of each variant of fish available on the market:
As of May 23, among the fish variants, Seabass cost 36.9 Dh per kilogram and Hamour was priced at 26.9 Dh. On the other hand, Kingfish was priced at 32.9 Dh, and Salmon was priced at 41.5 Dh. A kilo of SeaBream costs 32.9 Dh, while small-sized shrimp were currently cheap at 29 Dh.
Latest prices per kilogram of each variation of beef and lamb available on the market:
The price of beef and lamb, both variants from Australia, India and Pakistan, was set as follows, effective Sunday.
Among the different varieties of beef, the Australian variant cost Dh 39.5 per kilogram, the Indian one priced at Dh 28.3 and the locally produced one was Dh 49. On the other hand, when it comes to lamb, the Australian variant now costs 42.9 Dh, the Indian breed is priced at 35 Dh, the Pakistani variety costs 37.7 Dh, while one kilogram of the regional variety is from 45.2 Dh.
Latest prices per kilogram of each variant of fruits and vegetables available on the market:
Regarding fruit, the starting price per kilo of bananas is currently 4.8 Dh, oranges 3.5 Dh and apples 3.5 Dh. In contrast, vegetable prices include – regional tomatoes costing Dh3.4, red onions at Dh2, potatoes at Dh2, and lettuce at Dh5. In addition, the price of a kilogram of lemon is 4.5 Dh, while a lime costs 4.7 Dh.