CAIRO: Eighty tons of food commodities are delivered at Al-Ahram consumer complexes every day at discounts up to 25 percent to counter rising prices at private vendors, head of Al-Ahram Company Tarek Tantawy told Youm7 Thursday.
The commodities include meat, poultry, vegetable and fruits to create a price balance in the market, Tantawy said.
Earlier on Thursday, a cooperation protocol was signed to provide youths with loans to establish consumer complexes, Supply Minister Khaled Hanafy said at a news conference.
The anticipated consumer complexes, meant to provide job opportunities and increase low-priced food outlets, will be overseen by the Holding Company for Food Industries. The loan terms will begin in December.
Amid attempts to slow down rising prices, the price of imported and local meat has been reduced from 57 to 50 EGP per kilo at consumer complexes. The price, however, remains prohibitively expensive for many segments of society.