The Egyptian government is currently exploring new measures to regulate the prices of various food products in the market. One such measure is an extension of a previous decision to exempt certain imported goods from customs taxes for three months. This will include items like medicines, frozen poultry, dairy products, butter, sugar, pastries, oils, and tea.
In addition to this initiative, the government has recently announced plans to reduce the prices of essential commodities such as beans, dairy products, oil, pasta, sugar, poultry products, eggs and rice. This move aims to speed up customs clearance processes, lower costs for manufacturers and merchants and provide customs facilities for frozen meat and oils.
Meanwhile, successful boycott campaigns in several Egyptian governorates have led to a significant decrease in fish prices after a sharp increase. For instance in Port Said there was a 50% to 70% drop in prices for various types of fish including chub fish from 250 pounds per kilo to 100 pounds as well as reductions in prices for mullet, tilapia and shrimp among others. The boycott campaign is set to continue until prices return to normal levels.