date:Mar 14, 2013
headache for Hatem Zidan, sales and marketing manager at milling company Flour Land, which produces flour, pasta and biscuits with imported wheat.
In two months the price he pays for a metric ton of flour has risen 16 percent to 3,250 pounds ($480). The volatility of the exchange rate is making his work next to impossible, he said.
I can make a deal and then I have the surprise that I lose money. Now I am working day by day, he said. I cannot make contracts for three months with businesses lik