The Egyptian government is set to implement a new set of measures to control food prices in the market. This includes extending a previous decision to exempt certain imported goods from customs taxes for three months, covering items such as medicines, frozen poultry, dairy products, butter, sugar, pastries, oils and tea.
In addition to these measures, the government has recently announced an initiative to reduce the prices of essential commodities like beans, dairy products, oil, pasta and sugar. This move aims to speed up customs clearance for manufacturers and merchants, while also providing customs facilities for frozen meat and dairy products as well as oils.
Meanwhile, successful boycott campaigns in several Egyptian governorates have resulted in a significant decrease in fish prices after a significant increase. The campaign in Port Said led to a 50% to 70% drop in prices for various types of fish including chub fish from 250 pounds per kilo to 100 pounds as well as reductions in prices for mullet, tilapia and shrimp among others. The boycott campaign is set to continue until prices return to normal levels.
