Egypt launches nationwide price-reduction initiative on 12 staple goods

Egypt's Ministry of Supply has launched the first phase of a price-reduction initiative offering 12 staple goods at reduced prices nationwide.

The first phase began September 10 at consumer complexes, one-day and permanent markets, following presidential directives to provide goods and regulate markets.
The 12 first-phase products include rice, sugar, oil, pasta, tea, white cheese, flour and jam priced between 4 and 50 Egyptian pounds.
Amr El-Naggar of the Egyptian Company for Internal Trade said the initiative runs six months with prices about 30 percent below market rates.
El-Naggar said the campaign will expand to 30 goods during September and coincides with the school year beginning Saturday.

Latest developments

Sep 10 — Egypt's Ministry of Supply has priced rice and sugar at 25 Egyptian pounds per kilogram at consumer complexes and markets.
Sep 10 — The ministry has formed a high committee to strengthen field campaigns and monitor wholesale warehouses to counter price and availability violations.