Press Release: More consumers shopping during Black Friday but average spend lower
26 November 2022
This Black Friday is the closest one to pre-Covid levels with shoppers flocking the streets...
In spite of the fall in the price of wheat on the interest national market from February peak pressures caused by drought, storms and flooding caused by global warming continue to reduce world harvests of staples such as rice below expectations and food prices are expected to soar even higher than at present.
As more land is turned over to producing biofuels, wheat prices leap again. Higher oil costs flow through to transport costs in farming and transporting food.
Malta imports more than 75% of all its food needs. Consumers find they are spending far more of their disposable income on basic foodstuffs. In less developed parts of the world, millions face real hunger as staples are priced beyond their reach. Experts believe the age of cheap food is ending and no existing technical fixes to deal with the problem exist.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).