Tunisia Suspends Vegetable Exports to Cut Local Prices Amid Economic Crisis

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Tunisia's government said on Tuesday it suspended the export of vegetables in an effort to control inflamed prices in the local market as a severe economic crisis hits the North African country, Reuters reported. Commerce ministry spokesperson Mohamed Ali Ferchichi said the ministry decided to stop the export of tomatoes, peppers, onions and potatoes in an effort to reduce prices. Tunisia mainly exports these vegetables to its neighbor Libya. Inflation rose in March to 7.2% and analysts say it is likely to continue rising due to the sharp increase in oil and grain prices following the war in Ukraine. Unions and politicians have warned that the country may face a social explosion due to high prices and poor public services. Tunisia, which is suffering its worst financial crisis, hopes to reach an agreement with the International Monetary Fund on a financial rescue package in exchange for unpopular reforms, including freezing wages and cutting subsidies. Read more.
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