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.