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Bourse & prices

The foodstuffs division approves the container shortage at the ports

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.

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Market bulletin

18:42

A number of importers argue that the proposed timetable needs a transition period of at least six months, so that small businesses can adapt their accounting systems.

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

The figures in brief

Chamber figures put the number of registered businesses at 41,000, up by 3,400 on last year, most of them in retail and logistics.

The small trader is not asking for a subsidy. He is asking for one clear rule that does not change every three months.
Ahmed El-Shahbandar, Chamber board member

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

Where the divisions stand

  • the container shortage at the ports among next quarter’s priorities
  • A review of the timetable with the trade divisions
  • A monthly report to the federation’s board

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

Written by

Hala Soliman

Banking & finance correspondent · 25 stories · 2,681 followers

Banking & finance correspondent at Bayt Al Toggar, following market decisions and what they do to trade and supply in Cairo.

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