Supply Minister
Nestlé celebrated the opening of its new coffee factory, Bonjourno, in the 6th of October industrial zone, with investments of EGP 250 mn.
Moselhi added that the strategic reserves of sugar and edible oil are enough for 3.7 months.
The country expects to produce about 2.3 million tonnes of sugar this year and consumes about 3 million tonnes, filling the gap with imports.
The price of gasoline 92 increased from LE 5 per liter to 6.75, while the price of gasoline 80 rose from LE 3.65 per liter to LE 5.50.
Egypt seeks to import three shipments of wheat, the first before the end of April, Al-Mal newspaper quoted Minister of Supply Ali Moselhy Wednesday.
Supply Minister Ali El-Moselhi has modified his price tag decree in a way that makes manufacturers and importers not obligated to put prices on their products.
Price Tag decree triggers dissatisfaction among both importers and manufactures
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