Carrefour to reduce prices on certain foods 10-40% until end of year
A Carrefour supermarket near Brussels - REUTERS/Francois Lenoir

CAIRO: Major supermarket chain Carrefour will reduce the prices of 27 food items by between 10-40 percent in the store’s 23 Egyptian branches, in cooperation with the Ministry of Supply, Herve Majidier, the Regional Director of the Foundation Carrefour Global Middle East, told Youm7.

Slated to get a discount are sugar, rice, oil, flour, pasta and sauce, tuna, milk, juices, soaps, detergents and other goods, said Majidier . He added that there are 65 new branches of Carrefour planned in the next five years.

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.

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