CAIRO: In response to steadily rising meat prices, the Egyptian government has inked a deal with Sudan to increase meat imports from its southern neighbor.
The Supply and Internal Trade Ministry recently met with Sudanese Trade Minister Osman Omar Sherif to supply Egypt with meat at lower prices, Minister of Supply Khaled Hanafy told Youm7 Saturday.
“Sudanese meat and other commodities will be available in subsidized complexes at lower prices than those in other markets,” Hanafy said.
Meat prices rose an average of 16.9 percent in June 2014 compared with June 2013 to reach 85 EGP ($12) per kilogram in some places, the Central Agency for Public Mobilization and Statistics (CAPMAS) reported in June. It added that inflation rates rose by 0.9 percent in June 2014 compared to June 2013 due to the increases in the price of food and beverages. The newly available Sudanese meat is expected to be offered for 30 EGP per kilogram.
Previously in 2013, Egypt and Sudan agreed to open the eastern land road linking Egypt with Sudan and the construction of a joint industrial zone.
Egyptian-Sudanese trade volume totaled $542.7 million in 2010, with Egyptian exports of $503.2 million, according to the Egyptian Trade Ministry.