Egypt's banning the export of wheat, flour, beans, lentils, and pasta for a period of 3 months

Published 2022년 3월 10일

Tridge summary

The article highlights a decision by the Minister of Industry and Trade, Nevin Jameh, to ban the export of several basic commodities, including wheat, beans, lentils, pasta, and flour, for the next three months in an effort to stabilize rising prices. The Minister emphasized that retailers are not responsible for the price increase and blamed it on producers, importers, and store owners. The decision aims to lower prices by reducing export options, especially for products controlled by monopolists. The article also notes significant price hikes in various food items before the ban, such as flour, eggs, oil, and cheese, indicating widespread concerns about the affordability of essential food items.

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Original content

The Minister of Industry and Trade, Nevin Jameh, issued a decision banning the export of a number of basic commodities, which included wheat, flour, gravel beans, mashdush, lentils, pasta and flour of all kinds, for a period of 3 months. Al-Menoufi, a member of the General Division of Foodstuffs in the General Federation of Chambers of Commerce, said that retailers, supermarkets and small shops are innocent of the rise in prices, and that the reason for the rise is due to producers, importers, store owners and producers who are raising prices. The consumer, the factory and the importer, and that he sells at a fixed profit margin, and that the increases in prices are asked about importers and factory owners who produce locally produced goods or the importer who imports goods from abroad. He added that the increase in prices is not in the interest of the retailer, because he calculates a fixed profit margin Increasing prices will reduce the profit margin and reduce sales as well. ...

Source: Akhbarelyom