Prime Minister
Mostafa Madbouly affirmed on Tuesday that the banking system stands fully ready
to secure the foreign currency necessary to increase the strategic reserves of
essential commodities.
Madbouly's
remarks came during a cabinet meeting held to follow up on efforts to provide
essential commodities and increase their strategic reserves.
During the
meeting, which was attended by a host of ministers and senior officials,
Madbouly said that the meeting came in line with President Abdel-Fattah El
Sisi's directives, to maintain a sufficient stock of basic commodities.
El-Sisi has
also directed the government to improve its ability to intervene during a
commodity shortage crisis to ensure price stability.
For his part,
Minister of Supply and Internal Trade Ali Moselhi said that his ministry has
drawn up several plans to provide strategic reserves of basic goods.
He said that an
agreement had been made to buy 500,000 tons of sugar.
Meanwhile,
Minister of Agriculture and Land Reclamation El-Sayed El-Quseir reviewed the
total amount of fodder that was released recently, pointing out that fodder
worth $1.2 billion was provided during the last four months.
The meeting
also touched on the availability of meat and poultry in various markets
nationwide, in appropriate quantities and prices to meet the needs and
requirements of citizens.
Last week,
governorates across Egypt started receiving local wheat from farmers,
setting their sights on collecting 3.5 million tons of the staple crop during
the 2024 wheat supply season.
Source: Ahram Online