Supply Minister Confirms Price Cuts Through 2027
The Minister of Supply and Internal Trade, Sherif Faruq, confirmed that the price reduction initiative will continue for six months after Ramadan 2027, with the goal of enhancing the availability of food commodities and increasing their supply. This aims to stabilize markets and alleviate burdens on citizens. He pointed out that the financial allocations for supporting subsidized commodities and bread have increased from 34 billion to over 210 billion Egyptian pounds, benefiting more than 57 million citizens. He also explained that the support system includes four social segments, with ongoing efforts to refine the allocation of supply cards to ensure that support reaches eligible groups without affecting priority households. Additionally, efforts are underway to develop mechanisms for organizing and targeting support to improve its efficiency and meet the basic needs of citizens.
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