Egypt’s food prices soar amid decreasing global prices
Egypt's Food - YOUM7 (ARCHIVE)

CAIRO: Egypt’s food prices have soared amid decreasing global food prices, according to a U.N. Food and Agriculture Organization (FAO) report released Thursday.

Global food prices witnessed their lowest rate since June 2010, as they declined in April by 1.2 percent compared to March; it is likely to stay low due to large supplies and a strong U.S. dollar, according to FAO statement.

Earlier in May, President Abdel Fatah al-Sisi met with Minister of Supply and Internal Trade Khaled Hanafy  to discuss the reason behind the jump in prices, emphasizing citizen’s needs must be available in high quality in the market at reasonable prices, according to Youm7.

Prime Minister Ibrahim Mahlab also met with Hanafy twice in one week, after citizens repeatedly complained of expensive prices, especially those of vegetables.

Mahlab asked Hanafy to fix and balance the prices, Youm7 reported.

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  1. DOES SOMEBODY LOVE the POOR ???????
    May 8, 2015 at 6:22 am

    The government doesn’t care and control the prices which are in the hands of very few businessmen ,maybe they take share as well. By the way ,RAMADAN is coming and in this year unusually the prices are REACHING THE SKY EARLIER than before ,making MORE MONEY from the HOLY MONTH. Don’t we REMEMBER that when MAHLAB said, if any consumer find too high prices which are out of control, he advised to call on a certain number to solve our complain and 200!!!! telephonists are waiting for our call!!!! Of course it was a LIE,because NOBODY ANSWER and the LINES ARE ALWAYS BUSY!!!! MONEY FIRST as ALWAYS ,NOTHING ELSE!!!!

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