Egyptian companies to implement transparent pricing for strategic food commodities

Starting from the first of March 2024, Egyptian companies engaged in the production of key food commodities will implement a new measure by clearly indicating the final selling prices on their products, according to sources cited by Asharq Bloomberg.

 

This initiative is a response to the government's directive to address the recent market price discrepancy and restore order.

 

In December, Minister of Supply and Internal Trade, Ali Al-Moselhi, issued a decision to regulate the trading of seven strategic commodities. This decision mandates companies and establishments to prominently display the final selling prices of goods to consumers, including taxes and additional financial burdens. 

 

The seven strategic commodities subject to this regulation are rice, pasta, dairy products, oils, beans, sugar, and certain types of cheese.

 

Assistant Minister of Supply for Projects and Information Affairs, Ahmed Kamal, highlighted the importance of transparent pricing in chains and shops. He emphasized that prices should be clearly visible on the packaging itself or on designated areas such as shelves.