Egyptian Minister of Supply and Internal Trade, Dr. Sherif Farouk, recently convened a meeting with the General Chamber of Bakers and the Grain Industry Chamber of the Egyptian Federation of Industries. The discussions focused on the periodic follow-up of the milling and production of subsidized bread, as well as the availability of free-market bread and other baked goods. The meeting aimed to ensure a stable supply of bread and monitor market trends.
The meeting covered various topics, including the regular operation of mills and the availability of free-market flour. This ensures that bakeries receive their required supplies and can maintain production levels for free-market bread and other baked goods. Additionally, the discussions verified that industries relying on free-market flour, such as pasta and baked goods manufacturers, have a stable supply.
One of the primary objectives of the meeting was to examine the production costs of free-market bread and other baked goods. The discussions considered production inputs and monitored the circulation of flour and available quantities in the market. The importance of continued coordination between the Ministry and relevant parties was emphasized to guarantee the availability of production requirements.
The Ministry of Supply confirmed that it continues to take proactive measures to secure Egypt's wheat needs. This includes diversifying import sources from various countries to enhance the stability and diversity of supply sources. The Ministry also highlighted its efforts to limit the impact of global market fluctuations.
During the meeting, discussions were held regarding mechanisms for dealing with current market variables. The goal is to maintain stable prices for free-market flour and bread while ensuring a consistent supply of goods to citizens. The Ministry emphasized its commitment to closely monitoring market developments and trading activities.
Dr. Sherif Farouk stressed that the Ministry will continue to intensify monitoring and regulatory campaigns in markets, mills, and bakeries. These efforts aim to verify compliance with regulatory controls and prevent unjustified price increases or other practices that may affect the availability of flour, bread, and food products.
The Ministry of Supply reaffirmed its priority to secure essential goods for citizens, maintain the stability of the bread system, and protect strategic reserves of goods. The Ministry will continue to periodically monitor global and local market developments and take necessary actions to ensure a consistent supply and stable markets.
Key points
- The Egyptian Ministry of Supply is working to stabilize the market and ensure a consistent supply of bread and other essential goods.
