CAIRO: The price of local fresh meat and imported frozen meat has been reduced to 50 EGP per kilo at state-owned consumer complexes, head of al-Ahram Consumer Complexes Company Tarek Tantawy told Youm7 Tuesday.
The new price, reduced from 57 EGP, is applied on all frozen meat whether imported from Australia, Uruguay or France.
The consumer complexes include those of Al-Nil and Alexandria companies, Tantawy said, adding that the complexes also offer vegetables and fruits regularly at reduced prices to “meet the needs of citizens.”
Private meat imports were reduced by 30 percent compared to last year’s prices due to the recent Egyptian pound depreciation against the U.S. dollar, head of the veterinary quarantine department Sayed Gad el-Moula told Youm7 Nov. 5.
In a speech Nov.1, President Abdel Fatah al-Sisi urged owners of businesses that offer basic commodities, especially food, to not raise the prices of their products after the price of the dollar against the pound increased.
He also vowed that the government and Armed Forces would intervene to regulate prices.
Trucks bearing the logo of the Armed Forces have been seen at several squares in Cairo, selling meat, poultry and other goods at prices lower than the average, with crowds of people gathering around the trucks.
Egypt’s military is self-sufficient in terms of food production, as it has its own farms and cattle.