Prime Minister Mostafa Madbouly: Egypt to Lower Food Commodity Prices by 30 Percent ...Egypt

  Prime Minister Mostafa Madbouly announced on Monday, 25 March, that the government  had come to an agreement with private sector manufacturers and merchants to lower the prices of food commodities by 15-20 percent, and subsequently by 30 percent following Eid Al-Fitr. Madbouly also instructed the creation of a daily report to track pricing in cooperation with the General Federation of Chambers of Commerce and the Federation of Egyptian Industries (FEI). He also emphasised the need to establish a mechanism to lower prices in all outlets and shops and to reach out to retailers that interact directly with customers. During a meeting with prominent producers, manufacturers, and suppliers of fo

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