PM monitors strategic commodity reserves and market stability

CAIRO – 26 February 2026: Prime Minister Mostafa Madbouly held a meeting on Thursday to review the availability of various strategic commodities across the country.

The meeting was attended by Dr. Hussein Eissa, Deputy Prime Minister for Economic Affairs; Dr. Sherif Farouk, Minister of Supply and Internal Trade; Eng. Karim Badawy, Minister of Petroleum and Mineral Resources; Lieutenant General Osama Rabie, Chairman of the Suez Canal Authority; Dr. Bahaa El-Ghannam, Executive Director of the Egypt's Future for Sustainable Development Authority; and senior officials from the Central Bank of Egypt and the Ministry of Finance.

Madbouly emphasized that the meeting reflects the government's commitment to maintaining sufficient reserves of strategic goods, following the directives of President Abdel Fattah El-Sisi. This effort is central to the state's dedication to meeting the needs of citizens and various industrial sectors.

Cabinet Spokesperson Mohamed El-Homsany stated that the session included a detailed review of essential food commodity reserves, confirming that current stocks remain at secure levels. Participants discussed ongoing plans to ensure the long-term availability of these vital goods to bolster national food security.

The Minister of Supply and Internal Trade, Dr. Sherif Farouk, detailed the ministry's efforts to secure sufficient reserves of sugar, oil, pasta, and rice. He noted that the ministry is conducting daily nationwide monitoring of distribution channels to guarantee stable supplies, particularly as the country prepares for the holy month of Ramadan.

The meeting also addressed the strategic reserves of petroleum products. Discussions focused on domestic production and future provision plans aimed at stabilizing markets and ensuring a continuous supply to the productive, service, and residential sectors.

Eng. Karim Badawy, Minister of Petroleum and Mineral Resources, affirmed that securing fuel and natural gas is a top priority. He outlined strategies to increase domestic production and provide new incentives for international partners. Furthermore, he presented updates on the infrastructure for receiving liquefied natural gas, including the status of regasification vessels and incoming shipments intended to support the electricity and industrial sectors.

The Prime Minister highlighted the Central Bank’s critical role in providing the financial resources necessary to secure these commodities. He also noted the collaboration between the Ministry of Supply and the "Future of Egypt" project in guaranteeing the availability of goods in outlets across the country.

Closing the meeting, Madbouly called for intensified cooperation between state agencies and regulatory bodies. He stressed the importance of continuous field monitoring to ensure goods are available in the required quantities and standards, to maintain price stability, and to decisively tackle any monopolistic practices or unjustified price hikes.