27 December 2012

Egypt: Food Commodities Price Down At Cooperatives

Prices of 18 food commodities at cooperatives of Food Industries Holding Company have decreased between 5 % and 15%.

A company statement, which was reviewed by Supply and International Trade Minister Abu-Zeid Mohamed Abu-Zeid, said prices of fresh meat were down, adding that prices of imported Sudanese and Ethiopian meat become stable.

The price of sugar went down to 425 piasters against 475, rice to 375 against 325, cooking oil to 900 against 850, frozen poultry against LE20 to 17,5, lentil to LE 6 a kilo and beans to 675 piasters a kilo, he added.

Abu-Zeid said the ministry will provide basic commodities at lower prices-through the company-for the governorates which do not have consumption outlets. The minister called for controlling prices and ensuring quality of goods in markets.

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