The share of sugar raises a crisis between supply stores and outlets in Egypt

Published 2023년 1월 6일

Tridge summary

The Ministry of Supply and Internal Trade in Egypt is investigating price discrepancies in ration sugar distributed to supply merchants who purchased in excess of the set quotas. Instead of the usual replacement value calculation, the Ministry is considering a higher value of 16 pounds per kilo of sugar, compared to the standard 10.5 pounds, to determine the price differences. The merchants storing at the two wholesale companies are expected to pay the adjusted amounts. This action is part of the Ministry's efforts to ensure the efficient distribution of strategic commodities like sugar to the public through authorized outlets.

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Original content

The Ministry of Supply and Internal Trade is looking to collect the price differences in ration sugar disbursed to some supply merchants in quantities that exceeded the percentages established by the Ministry for each outlet, which are specified at 40% of the value of the commodity replacement for the trader. The Ministry of Supply and Internal Trade had determined the replacement of the ration decisions that are spent To the supply outlets, 40% of sugar, 35% of oil, and 25% of rice, pasta and other ration commodities from the list of the ration system. An informed source revealed the intention of the Ministry of Supply, represented by the General Wholesale and Egyptian Companies, to collect the price differences for sugar spent in quantities in excess of the official quota, from the storekeepers of the two wholesale companies, and to calculate the kilo at a value of 16 pounds, instead of 10.5 pounds, while storekeepers ...

Source: Akhbarelyom