Director of the Supply Directorate in Alexandria, Mohamed Saadallah, said that Egypt is not suffering of any shortage in the ‘strategic goods’ in the markets, noting that the stock of goods exceeds up to 6 months.
The Minister added that sugar stock is sufficient for the need for domestic consumption for 7.8 months, noting that this will be followed by the harvest season of the beet and sugarcane crops.
Egyptian Supply Minister Ali El-Moselhi affirmed the availability of the basic commodities across governorates as he took part in the meeting of the high committee to face the impacts of the Ukraine crisis.
Prime Minister Mostafa Madbouli chaired the Cabinet meeting on Thursday with the participation of Governor of the Central Bank of Egypt Tarek Amer, Minister of Planning Hala El-Saeed, Minister of Finance Mohamed Maait, and Minister of Trade Nevin Gamea.
The cargo would be shipped in the period between the 1st and the 10th of April, 2022, the GASC added.
The strategic reserve of oils is enough for four months, Ahmed Hassanein said in statements to MENA.
The establishment of the stores will enhance the state’s basic commodities of wheat and meat to be sufficient for nine months instead of six.
The President affirmed the necessity of controlling the local markets to prevent monopoly practices, especially ahead of the holy month of Ramadan.
Sisi held a meeting with PM Sherif Ismail and CBE Governor Tareq Amer along with the ministers of interior, justice, finance, supply and internal trade.