Egypt expands commodity price-cut initiative with new retail chains and first permanent market

Egypt's supply ministry is scaling up its state commodity price-reduction initiative, adding retail chains and establishing a permanent market in Kafr El-Sheikh.

• Supply Minister Sherif Farouk chaired the committee's periodic meeting reviewing implementation of the price-cut initiative and commodity availability at participating outlets.
• The committee approved the joining of the Lulu Market retail chain to the initiative, which will sell designated goods at the announced prices.
• Authorities agreed to establish the first permanent market in Kafr El-Sheikh, developed jointly by the Internal Trade Development Authority and the Food Industries Holding Company.
• Farouk directed intensifying supply of high-demand goods, including cheese, rice, sauce, jam and tahini, with daily monitoring of withdrawals and inventory.