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Alaa Ezz: Red meat production hits 600,000 tons and investment is key to price issues
The article discusses Egypt's increase in red meat production by approximately 50%, rising from around 440,000 tons in 2014 to 600,000 tons currently. Advisor Alaa Ezz explained that efforts by the Ministry of Agriculture and the Agricultural Research Center have led to improved productivity. Additionally, the production of rice and wheat has increased by about 50%, with a focus on attracting investments to address the issue of rising prices. He pointed out that higher household incomes and the creation of job opportunities contribute to improving purchasing power and alleviating the effects of inflation, with the benefit of the minimum wage increase helping to enhance living standards. He also noted that the decline in the inflation rate in September does not mean prices will decrease immediately, as tackling inflation requires a comprehensive approach across multiple levels.
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