CAIRO: The Egyptian government is about to change the subsidy system on commodities starting in the holy month of Ramadan, Minister of Supply Khaled Hanafy announced Friday evening, according to Al-Masry Al-Youm newspaper.
“The anticipated subsidy system will include 30 commodities instead of limiting it to rice, sugar, and oil,” Hanafy said, and that there is anticipation to change the curent subsidy system starting in Ramadan and awaiting the cabinet approval, he added.
Hanafy admitted that the commodities offered to citizens are not worthy and that the government is now seeking to compete with major retail chains in the new system.
“Citizens will select the product and quality that satisfy them. This is the most important feature of the new subsidize system,” Hanafy said. Large quantities of food commodities will be offered in the government’s outlet with lower prices starting in Ramadan.
As part of his effort to improve the quality of subsidized commodities offered to ordinary Egyptian citizens and to solve the bread crisis in the coming period, Prime Minister Ibrahim Mahlab discussed with the Minister of Supply Khaled Hanafy in a meeting on March 15 ways to develop the bread system in Egypt.
“The new system aims to deliver bread to citizens without any difficulties. We want to put an end to the queues outside bakeries and the smuggling of wheat through the black market,” Hanafy stressed during the meeting.
Media outlets earlier claimed the wheat price rose but the Ministry of Supply released a press statement on May 13 saying that there are “no changes in prices.”