Price of baby formula almost doubles in Hama
Hama - SMART
On Tuesday, the price of baby formula doubled, amidst lack of formula supply in pharmacies in the city of Hama, Central Syria, and the Syrian pound deterioration against the US dollar.
Local sources reported pharmacists as saying that the price of the Nido small can increased by almost 100 percent, reaching 6,000 SYP after it was 3,200 SYP days ago.
The price of 900 grams of Halibuna formula reached 7,000 SYP after it was 4,200 SYP. The price of the New Park baby formula 400 grams increased to 4,000 SYP, and the price of the 900 grams can reached 8,500 SYP.
A resident, who prefered to remain anonymous, reported to SMART that every five days, his baby needs a baby formula can that is for 6,000 SYP, which equals 30,000 SYP per month, i.e half of the father’s salary. The resident noted that it is difficult to obtain baby formula in pharmacies.
Um Abeer, a woman who has infants, reported that the price of baby formula ranges between 5,000 and 7,000 SYP per can. Um Abeer added that every four days she needs to buy a can for her infant. Um Abeer noted that traders are greedy and exploit crises, especially amidst the Syrian pound deterioration against the USD.
On May 18, 2020, the USD exchange rate reached 2,000 SYP for the first time in Syria’s history.
A trader, who preferred to remain anonymous, attributed the high prices of the baby formula to the prices bulletin of the companies that distribute baby formula, as the bulletin is updated twice a day due to the Syrian pound's accelerated decline against the USD.
Earlier, residents of Hama complained about the absence of baby formula in pharmacies due to the lack of importation. The Syrian government’s Health Ministry and Pharmacists Syndicate attributed the absence of baby formula to the economic sanctions imposed by countries and entities on the Syrian government’s officials.
Regional countries and entities such as the European Union and the United States sanction the Syrian government. The sanctions include freezing assets, banning cooperation with institutions that support the Syrian government, sanctions on international and local companies, and banning exportation to Syria or investment.