The Egyptian government has officially launched a nationwide initiative to reduce the prices of essential commodities on Tuesday 5 August. Announced by Minister of Supply and Internal Trade Sherif Farouk, this initiative is a response to directives from Prime Minister Mostafa Madbouly; it aims to provide discounts of up to 18 percent on high-demand food items, such as meat, poultry, sugar, rice, cooking oils, tea, and pasta. During a recent meeting with representatives from the Federation of Egyptian Chambers of Commerce and major retail chains, Cairo Chamber Chairman Ayman El-Ashry highlighted thattraders and suppliers were ready to lower their profit margins voluntarily. This cooperation between The federation of Egyptian Chambers and major retail chains is designed to ensure that citizens can access essential goods at more affordable prices without sacrificing quality. “This initiative represents a timely and strategic response to current market pressures,” El-Ashry noted. To support this initiative, the government will streamline supply chains and reduce the number of intermediaries involved in the distribution of goods. This approach is expected to stabilize prices and enhance the availability of discounted items across all governorates. The Ministry of Supply has already…
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