2023-10-01 21:18:00
President Abdel Fattah El-Sisi asked Dr. Ali El-Moselhi, Minister of Supply and Internal Trade, saying: “People say that Dr. Ali does not control the prices of goods in the market. I hope you will respond?”
This came during the “Water Security and Food Security” session within the framework of the activities of the second day of the “The Story of a Homeland… Between Vision and Achievement” conference, held in the New Administrative Capital.
The Minister of Supply responded: “This is due to the influence of social media and social networking sites. They write prices that God has revealed by no authority. It is true that there are differences in prices, and when the price of onions increased, we took a decision to ban the export of onions, and today onions have begun to go down, and I am responsible before you and the rice community.” “He will start to come down.”
The Minister of Supply added: “We have a good reserve of sugar, and I have a meeting with the merchants next Tuesday, and they will agree and proceed without us entering into forced pricing because the Constitution stipulates that the Egyptian economy is a free economy, and the Anti-Monopolistic Practices Law gave the right to the Minister of Supply for a specific commodity and for a specific period of time.” He presents his reasons to the Prime Minister to present the matter to the Council of Ministers to set a price for a specific period, and we resorted to this in sugar in 2017, and sugar globally reached very high numbers.”
Al-Moselhy pledged to make every effort in cooperation with the Council of Ministers to control prices.
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