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Supply ministry welcomes Ramadan with discount commodities - Daily News Egypt

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Supply ministry welcomes Ramadan with discount commodities

Exhibition for food at reduced prices to start Wednesday at the Cairo International Fair Grounds in Nasr City, the ministry says

Thousands of tons of food products will be offered with “great discounts”, Ministry of Supply said. (AFP photo)
Thousands of tons of food products will be offered with “great discounts”, Ministry of Supply said.
(AFP photo)

The Ministry of Supply and Internal Trade has prepared to distribute tons of food and commodities at reduced prices for the fasting month of Ramadan, the ministry announced Friday on its official page.

The discounted products will be offered through the main three consumer complexes Al-Ahram, Al-Nile and Alexandria.

Minister of Supply Khaled Hanafy announced in May that the ministry would cut prices of food commodities by 30% over the next three months.

The ministry pointed out that 4,300 tons of Sudanese and Brazilian fresh meat and over 1,000 tons Brazilian frozen meat will be available for consumers.  Over 1,000 tons of local meat will also be offered along with 1,425 tons of frozen chicken and 400 tons of fish.

The ministry stated that the price of a kilo of frozen Brazilian meat vary between EGP 31 and EGP 34 while fresh meat will cost EGP 51 per kilo. The price of Ethiopian and Sudanese meat will be EGP 41 and a kilo of frozen chicken will be sold for EGP 19.5 instead of EGP 23.

Around 4,900 tons of white rice, 8,220 tons of wheat and 1,050 tones of pasta will be offered at the complexes. Commodities available will also include 21,000 tons of butter and over 2m cartons of cooking oils along with tomato paste, various legumes, olives, juices and fresh fruit.

The ministry mentioned that the available amount can increase according to the demand.

An exhibition for food commodities with “great discounts” will start Wednesday in Cairo International Fair Grounds in Nasr City and last for 10 days, the ministry added.

According to the Central Agency for Public Mobilization and Statistics (CAPMAS) latest inflation report, price of food and drink items were 11.8% higher year on year in May. An April report by the International Monetary Fund (IMF) also noted that Egypt’s inflation is structurally high, affected by deterioration in exchange rate, supply shortages and recurrent wage increases.

Egyptian imports of dried fruits, consumed mainly during the month of Ramadan, have declined by 75% during the first five month of the current year, the Ministry of Finance indicated in its latest report. This year the total amount imported was almost 8m tons, compared to more than 29m tons in 2013.

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