Egypt develops application “Price Radar” for reviewing and reporting commodity sale prices

Sun, 07 Apr 2024 - 11:45 GMT

Egypt is preparing to launch two applications in July as part of efforts to curb price inconsistencies, enabling users to view and report commodity prices, according to a cabinet statement

Egypt's initiative to slash commodities prices by 30% post-Eid Al-Fitr

Tue, 26 Mar 2024 - 12:51 GMT

Furthermore, the decline in prices will continue to intensify in the coming days, ultimately reaching a substantial reduction of 30 percent after the conclusion of Eid Al-Fitr.

Egyptian Customs authorizes release of $780M commodities

Sun, 10 Mar 2024 - 02:45 GMT

The goods were distributed as follows: $280 million on Thursday and $500 million on Friday.

Egypt to realese goods worth $6B from ports

Thu, 07 Mar 2024 - 01:22 GMT

Ghatouri also stressed that the rates of customs release and production requirements will continue to rise in the coming days, in coordination with the banking sector.

Egyptian companies to implement transparent pricing for strategic food commodities

Thu, 29 Feb 2024 - 05:03 GMT

This initiative is a response to the government's directive to address the recent market price discrepancy and restore order.

PM holds meeting to discuss measures to ensure availability of goods and products

Tue, 06 Feb 2024 - 02:30 GMT

Spokesperson for the Cabinet, Mohamed Al-Hamsani, stated that the meeting explored actions and steps taken by stakeholders to guarantee the adequate supply of goods in the market at reasonable prices

Egypt declares 7 essential goods as strategic; implements measures for market control, price regulation

Sat, 30 Dec 2023 - 03:25 GMT

The decision obliges holders of the mentioned seven commodities, for purposes other than personal use, including producers, suppliers, distributors, and sellers, to immediately notify the relevant directorates of supply and internal trade nationwide about the type and quantities of these goods they may have in stock.

Egypt closes deal on 50k tons of imported sugar in response to rising prices

Thu, 21 Dec 2023 - 12:20 GMT

In the past few weeks, consumers have witnessed a significant surge in sugar prices, leading to LE 50 per kilo in certain locations, worsened by stockpiling. Some merchants decided to hoard sugar in anticipation of potential government price hikes

Egyptian government and CBE tackle soaring prices of essential commodities

Wed, 04 Oct 2023 - 06:02 GMT

In an official statement released on Tuesday, the Cabinet announced that an initiative to tackle this problem is being designed, with all the specific details set to be unveiled next week

Arab states imported 1.73 million agricultural commodities from egypt

Mon, 03 Jul 2023 - 09:09 GMT

The data revealed that the Arab countries imported 1.730 million tons, at a value of $938 million, representing 41% in quantity and 38% in value.

Egypt's strategic reserve of commodities "safe", wheat sufficient for 7.3 months: Min.

Tue, 09 Aug 2022 - 02:47 GMT

Since the outbreak of the Russian-Ukrainian crisis, about 1.8 million tons of wheat of various origins have been imported.

FEDCOC head says food commodity prices see decline in wholesale markets

Sun, 13 Mar 2022 - 05:37 GMT

Arabi lauded the swift measures taken by the government to control prices amid the current global fluctuations in goods' prices.

PM: State not to allow any greedy trader to hoard, hide commodities

Tue, 08 Mar 2022 - 04:48 GMT

The prime minister stressed the importance of coordinating among all ministries and official bodies concerned to provide the local market with all its needs of essential commodities at affordable prices.

459 trucks, 418 tons of goods handled at Red Sea ports

Fri, 07 Jan 2022 - 10:31 GMT

The RSPA said in a statement Friday that the volume of exports reached 371 tons of goods, 202 trucks and eight cars.

Egypt dismisses fake FEDCOC report on commodities' prices

Fri, 11 Jun 2021 - 10:44 GMT

The statement asserted that most of the commodities, especially food commodities, will remain stable.

Govt denies rumors on increasing prices of basic commodities due to increase of gasoline prices

Tue, 27 Apr 2021 - 01:02 GMT

The Ministry of Supply said that the news is void of truth, the center said in a statement on Tuesday.

Egypt's strategic reserves of commodities sufficient for 4-6 months

Thu, 15 Apr 2021 - 01:14 GMT

The Ministry has adopted a strategic plan to develop the holding company's stores, which number up to 1,500 stores, as part of the digital transformation system that allows monitoring the movement of commodity circulation to and from those stores.

FEDCOC: Strategic stock of commodities sufficient for local needs' until after holy month Ramadan

Sun, 14 Mar 2021 - 01:37 GMT

In a press release, he added that this comes as commodities are available in stores, ports, also were shipped during the past period or other shipments expected to arrive in the upcoming period.

Egypt's foreign reserves covers about 8 months of commodity imports

Thu, 11 Mar 2021 - 01:32 GMT

El-Said clarified in a statement that there is a strategic stockpile of goods available.

Egypt's exports of top 20 non-oil commodities hit $242 mln in Sept.

Mon, 19 Oct 2020 - 07:22 GMT

Soya bean exports topped the list of the 20 most exported commodities, followed by sugarcane, fresh fruits and cheese, the report added.