"Sometimes it is [a race to the bottom]," Walid Qayoumi, sales director at [Amania], told IM.
"Amania (...) faces challenges like any other supplier such as price undercutting, but we are not counter-competing by lowering prices further as there will always be a supplier who will price lower than you," said Qayoumi.
Amania does not expect market prices can go much lower than where they currently stand. "It's a cycle (...) We should hopefully see a recovery by January time," said Qayoumi.
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