Egypt’s Ministry of Supply and Internal Trade has ordered a significant reduction in the price of frozen poultry at state-affiliated outlets and “Ahlan Ramadan” exhibitions, moving the price below the current rate of EGP 120, Minister Sherif Farouq said on Monday.
The price cut is part of a broader effort to secure strategic commodity stocks and provide goods at affordable prices before the holy month of Ramadan. Farouq highlighted a tripartite agreement between the Ministries of Supply and Agriculture and the “Future of Egypt” Agency for Sustainable Development to import poultry and poultry parts. These supplies are scheduled to be available at outlets nationwide before the start of the fasting month to meet local demand.
Prime Minister Mostafa Madbouly met with Farouq to review the ministry’s plans for developing the sugar industry and enhancing the strategic reserve of essential commodities. Madbouly stressed the importance of executing development plans for production sectors, particularly sugar, which he identified as a strategic industry vital to national food security.He directed that any obstacles facing the sector be removed to increase production and maintain market equilibrium.
Farouq reported that he has held a series of meetings with both state-owned and private sugar companies to monitor development plans and address challenges to ensure sustainable production.
Regarding market readiness for Ramadan, the minister noted that following field tours in Dakahlia and Alexandria last week, the ministry is prepared to open two main “Ahlan Ramadan” exhibitions in Cairo and Giza this week. These exhibitions aim to increase the supply of goods and alleviate the financial burden on citizens.
Madbouly concluded the meeting by emphasising the necessity of continued coordination between government entities to enhance market monitoring. He called for the expansion of outlets and exhibitions to ensure that high-quality goods remain available at fair prices to maintain market stability.
