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Supply Minister on Egg Price Rise
The Minister of Supply and Internal Trade, Dr. Sherif Farouk, affirmed that the strategic stockpile of essential goods is sufficient for up to six months, and in some products, it can last up to a year. This ensures the fulfillment of needs amid geopolitical challenges. He explained that the country diversifies its sources for importing wheat, including Bulgaria, France, and countries outside the Black Sea region, to guarantee food security. Regarding egg prices, he noted that the ministry intervened to support the market after the carton price rose to more than 200 pounds, by importing eggs to reduce prices, which led to a decrease to 60-70 pounds, followed by a rise again to 120 pounds as part of market correction efforts. He emphasized that government intervention aims to regulate the market, not support greedy traders, while adhering to free market mechanisms.
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