Egyptian Commodity Exchange: Strategies to Lower Prices and Consumer Protection Initiatives

2023-11-23 03:30:00

Written by Medhat Wehbe Thursday, November 23, 2023 05:30 AM

complexity Egyptian Commodity Exchange Today, Thursday, is a new trading session for the white sugar commodity for the benefit of sugar trading companies and packing companies, as the stock exchange aims to reduce commodity trading cycles to contribute to lowering prices.

On the other hand, the Ministry of Supply and Internal Trade, in cooperation with the General Federation of Non-Governmental Associations and the Federation of Egyptian Industries, is implementing an initiative to reduce the prices of basic commodities, as the Ministry offers products at consumer mall outlets at reduced prices from 20 to 25%, and the rates of pumping goods are currently being increased in light of the presence of stock. Strategic enough for long periods.

The Consumer Protection Agency had called on merchants and suppliers to announce prices, and not to exaggerate the prices of goods or withhold them from trading, especially strategic ones, and that the law will be applied with full force and firmness to violators.

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