Opinion

The foodstuffs division announces the container shortage at the ports

He added that stock turnover improved by close to 12% over the last quarter, but that the cost of finance remains the first obstacle to expansion in the governorates.

The meeting closed by forming a joint Chamber–ministry committee, meeting weekly to follow implementation and reporting monthly to the federation’s board.

Analysts expect no immediate effect on consumer prices: current stock covers market needs at least to the end of next quarter.

How the decision came about

He added that stock turnover improved by close to 12% over the last quarter, but that the cost of finance remains the first obstacle to expansion in the governorates.

Transparency in the supply chain is not a burden on the market; it is what protects it from monopoly.
Dr Mona Abdel-Hakim, economic adviser

The Chamber had earlier launched a trader training programme on e-invoicing, taken up by more than 2,100 participants across six governorates.

Where the divisions stand

  • export facilities into African markets among next quarter’s priorities
  • A review of the timetable with the trade divisions
  • A monthly report to the federation’s board

The ministry’s representative stressed that the new rules aim at transparency in the supply chain rather than at fixing prices, and that breaches will go to the Consumer Protection Agency.

Written by

Samy Guirguis

Foreign-trade correspondent · 25 stories · 11,844 followers

Foreign-trade correspondent at Bayt Al Toggar, following market decisions and what they do to trade and supply in Cairo.

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