The Egyptian government is considering implementing a new set of decisions to regulate the prices of various food items in the market. This includes extending an exemption from customs tax for imported goods for a three-month period. The decision will cover imported products such as medicines, frozen poultry, dairy, butter, sugar, pastries, oils, tea, and sugar.
The government has also announced an initiative to reduce the prices of essential commodities like beans, dairy products, white cheese, mixed oil, pasta, sugar, lentils, poultry products, eggs, and rice. This initiative includes measures to expedite customs clearance at ports and ease financial burdens on manufacturers and merchants to help reduce costs.
Customs exemptions will apply to frozen meat from cattle, sheep, and goats, as well as poultry meat, dairy, and hydrogenated animal and vegetable oils. In response to rising fish prices, several Egyptian governorates have launched successful boycott campaigns that have led to a significant decrease in prices.
The Port Said Chamber of Commerce reported a 50%-70% drop in fish prices due to a boycott campaign. Prices for popular fish dishes like chub fish decreased from 250 pounds per kilo to 100 pounds. The boycott will continue until prices normalize following recent fluctuations.