News

04:54 PM

Tuesday, July 16, 2024

Books-Mohammed Sami:
Prime Minister Dr Mustafa Madbouly chaired today’s meeting; meeting of the Supreme Council for Market and Commodity Price Regulation.

At the beginning of the meeting, the Prime Minister expressed his eagerness to convene this meeting to monitor the supply of goods on the market and control prices, noting that the market was stable with some declines in the previous period, which contributed to the decline in inflation, emphasizing that in the period ahead During this period, efforts must be intensified to increase the supply rate of goods and reduce prices. Any increase in commodity prices will be resolved.

Chief Engineer Kamal Wazir also explained that efforts are being made to increase the national transport fleet, which will help balance prices, adding that work is underway to expand packaging centers, which will also help balance commodity prices.

During the meeting, Dr. Osama Gohari, Assistant to the Prime Minister, Director of the Information Center and Head of the Technical Secretariat of the Supreme Council for Market and Commodity Price Control, reviewed reports on the latest developments and pathways. and an on-the-ground monitoring mechanism for its development compared with June 2024 levels.

The report shows that compared with the average price in June 2024, the prices of some goods in commercial chain stores increased slightly on July 14.

Dr. Osama Al-Gohary mentioned the results of the opinion poll on the price of strategic supplies, explaining that 86.7% of retail store owners believe that the measures and initiatives taken by the government have successfully provided goods to the market, and 65.6% of retail store owners believe that the measures and initiatives taken by the government have successfully provided goods to the market. and measures successfully supply the market with goods.

Regarding efforts to digitize the commodity trading system and price radar application, Al-Jawhari said that the development of a new version of the Consumer Protection Agency’s application has been completed and is currently under review and tested by the agency, explaining that it was launched two days before the specified date. It was completed in months, noting that the app provides data and information on consumer products, provides advice and guidance on consumer protection, and also allows for the submission of complaints and follow-up.

Al-Jawhari also mentioned the commodity geospatial information system for monitoring prices and antitrust initiatives, explaining that the system will integrate different spatial layers for a comprehensive analysis, as it includes basic commodity prices, transportation infrastructure, trade agreements, customs, etc. data.

Ahmed Alwakir, chairman of the Federation of Chambers of Commerce, said that the market is currently stable following Eid al-Fitr, with a slight increase in a few non-essential goods.

The chairman of the Chamber of Commerce and Industry listed the answers to the opinions in the report on the increase of some commodities.

During the meeting, the Minister of Supplies and Domestic Trade confirmed that coordination and meetings are taking place with the Chamber of Commerce and the Consumer Protection Agency to ensure the supply and price stability of goods and this is what is happening, saying that the goal pursued by all of us is to ensure Goods reach citizens at appropriate prices.

The head of the Consumer Protection Bureau introduced the monitoring results of the provinces of the Republic, pointing out that all provinces have confirmed the supply of goods and that prices are stable, except for a few provinces.

Engineer Ashraf Al-Jazairli, Chairman of the Chamber of Food Industry, said that confidence in the business community is a positive indicator for the coming period, which helps to achieve sufficient goods on the market, stressing continued efforts to control the market and lower prices.

Dr. Alaa Ezz, secretary-general of the Federation of Chambers of Commerce, noted that 185,000 tons of pulses are currently entering the ports, following which local crops will arrive, which will create a surplus in the market.

Dr. Alaa Ezz presented reports on stocks of various essential commodities in Egypt, including stocks in ports and stocks awaiting release, such as oil, grains, sugar, dairy products, tea, meat, eggs, poultry, fish, and wheat.

The report of the General Chamber of Commerce also talks regarding the status of cargo shipped to Egypt, whether it has been shipped to Egypt, will be shipped to Egypt, has reached territorial waters, or has arrived at the port but has not yet been unloaded. The origin, its components, its arrival location and the port where the goods are received are located between the following ports: Alexandria, Deheira, Damietta and Abu Gil.

Dr. Alaa Ezz noted that cargoes that have not yet been unloaded and cargoes that have reached territorial waters and are heading to Egypt will increase the balance by more than two months.

Major General Mohamed Fasala, Chief of Supply Police at the Interior Ministry, confirmed that efforts are continuing to control any irregularities in the market, whether related to non-publication of prices, price tampering or other irregularities.

The meeting was attended by Dr. Sharif Farooq, Deputy Prime Minister for Industrial Development, Minister of Industry and Transport, Dr. Sharif Farooq, Minister of Supply and Internal Trade, and Engineer Hassan Khatib, Minister of Investment and Foreign Affairs. -Wakil, Engineer Ibrahim Al-Sajini, Director of the Bureau of Consumer Protection, Dr. Mahmoud Mumtaz, Director of the Bureau of Competition Protection, Counselor Hani Hanna, Assistant to the Minister. Major General Muhammad Fathallah and Dr. Alaa Ezz, Secretary General of the Federation.