Egypt: A fine of 2 million pounds and confiscation is the penalty of monopoly

Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade issued several important statements regarding the provision of food commodities at fair prices, addressing monopoly and the greed of traders by applying deterrent penalties for violators, and the strategic stockpile of wheat designated for the production of a loaf of bread. The Minister of Supply and Internal Trade stated that the wheat stock is sufficient for up to 4.3 months. In addition to targeting the purchase of about 6 million tons of local wheat during the wheat supply season, which will start next April, pointing out that 36 billion pounds will be allocated to farmers after the supply process by about 48 hours. Al-Moselhi explained that with the supply of 6 million tons of local wheat, to Besides having a balance of 3.4 months now, the wheat balance will be sufficient for up to 10 months, that is, until the first quarter of next year. With regard to free bread and the directives of the political leadership to ...