Addressing regional challenges, he pointed out the growing economic, political, and environmental threats facing the Arab region, which necessitate enhanced efforts to reform food systems.
By: Business Today Egypt
Wed, Oct. 30, 2024
Minister of Supply and Internal Trade, Sherif Farouk, emphasized the country’s commitment to ensuring sustainable food security through various policies. These policies include diversifying sources of imports, increasing strategic reserves, enhancing market oversight to prevent monopolies on essential goods, and developing integrated approaches to improve production efficiency and reduce waste.
During his keynote address at the regional forum on "Accelerating Food System Transformation in the Arab Region" held in Amman, Farouk also highlighted efforts to enhance internal trade as a means to improve market efficiency and reduce trading intermediaries, fostering collaboration with the private sector to facilitate an improved food supply chain.
Addressing regional challenges, he pointed out the growing economic, political, and environmental threats facing the Arab region, which necessitate enhanced efforts to reform food systems.
He also discussed the impact of these challenges on supply chains and the availability of essential goods at reasonable prices and high quality.
Farouk elaborated on the importance of strengthening supply chains to ensure fair and sustainable food access and activating the role of the commodities exchange, enabling private sector participation to stabilize prices and improve food quality.
The supply minister stressed Egypt's long-standing commitment to expanding social protection networks, emphasizing the importance of continually evolving the government’s food support system to better target vulnerable populations and improve efficiency by providing a wider range of food options.