This came within the framework of the government's instructions to control markets that have witnessed a state of chaos over the past months.
Egyptian companies producing strategic food commodities will begin documenting the final prices starting from the first of March 2024, according to sources cited by Asharq Bloomberg.
This came within the framework of the government's instructions to control markets that have witnessed a state of chaos over the past months.
Recently in December, the Minister of Supply and Internal Trade, Ali Al Moselhi, issued a decision controlling the trading of 7 strategic commodities, obligating companies and establishments to write down the final selling price of products and goods to the consumer, including taxes and financial burdens.
The decision includes seven strategic commodities: rice, pasta, dairy, oils, beans, sugar, and some types of cheese.
Assistant Minister of Supply for Projects and Information Affairs, Ahmed Kamal, announced in an interview with Asharq Bloomberg that the need for supermarket chains and shops to ensure transparent pricing by prominently displaying the prices of goods either on the packaging itself or on designated areas like shelves.
Non-compliance with these regulations will result in an initial warning, and goods purchased in violation of ministerial decisions may be confiscated from their owners.
The government will shift supervision after March from warehouses to stores, to ensure that prices are set on goods, an official at the Consumer Protection Agency said in his statements.
Prices will decrease within 10 days by 30%, affected by the decrease in the price of dollar, and announcing prices on goods will contribute to controlling prices significantly, Ahmed Attaby, member of the Foodstuffs Division of the Chamber of Commerce in Giza Governorate, told Asharq Bloomberg.
