He stressed the importance of having a strategic stock of basic commodities, so that this contributes to solving any emergency problem or crisis.
Prime Minister, Mostafa Madbouly, stressed the government’s strong keenness on the first working day to follow up on the availability of all types of goods in the markets and to intensify efforts to control prices.
He stressed the importance of having a strategic stock of basic commodities, so that this contributes to solving any emergency problem or crisis.
During the meeting, Madbouly assigned the Minister of Supply and Internal Trade, Sherif Farouk, to set a plan with the relevant agencies to ensure the availability of goods and products in the markets and control prices.
Farouk confirmed that they have already begun working on various files, especially those related to the provision of goods and controlling markets.
The supply minister also pointed out that in the past period, especially since last March, Egypt has been witnessing stability in prices.
This achieved as result of the exchange rate remained stable, He added.
Recently in June, the Cabinet stated that Egypt witnessed price reductions across various commercial chains since the inception of the price reduction initiative. The observed price drops have ranged from 5.7% to 32.5%.
These positive outcomes have also extended to retail stores, where strategic goods experienced notable decreases ranging from 4.2% to 25.1%.
