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May 19, 2024 4:22 pm

Low affordability dampens demand for Ramadan essentials

With the arrival of Ramadan just a few weeks away, traders and shopkeepers in many parts of the world are witnessing a slowdown in demand for Ramadan essentials such as food items, clothing, and decorations. This is due to the low affordability of many customers, who are struggling to make ends meet amidst the economic downturn caused by the COVID-19 pandemic.

In many countries, Ramadan is a time of increased economic activity, with many people shopping for new clothes, special foods, and decorations to mark the occasion. However, this year, the pandemic has dampened the festive mood, with many people facing financial hardships due to job losses and reduced incomes.

In Bangladesh, for example, traders are reporting a significant drop in sales of Ramadan essentials compared to previous years. “People are not buying as much as they used to. The pandemic has affected everyone’s income, and people are struggling to make ends meet,” said Mohammad Al Amin, a shopkeeper in Dhaka.

Similar trends are being observed in other countries as well. In Malaysia, traders are concerned about the slow sales of traditional Ramadan treats such as dates and kuih, which are usually in high demand during the month. “Many people are struggling financially due to the pandemic, and this is affecting our sales. We hope things will improve in the coming weeks,” said Zaidi, a trader in Kuala Lumpur.

In Egypt, another country with a large Muslim population, traders are also reporting a drop in demand for Ramadan essentials. “People are being cautious with their spending this year. We are seeing fewer customers compared to last year,” said Mahmoud, a trader in Cairo.

Despite the challenges, some traders are remaining optimistic about the situation. “We are hopeful that sales will pick up as we get closer to Ramadan. People will want to celebrate the month, even if they have to cut back on some expenses,” said Ali, a trader in Istanbul.

Overall, the low affordability of many customers is dampening demand for Ramadan essentials in many parts of the world. Traders and shopkeepers are hoping that the situation will improve in the coming weeks, as people prepare for the holy month in their own ways amidst these challenging times.

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