On Sunday, President Ibrahim Al-Arabi of the Federation of Egyptian Chambers of Commerce (FEDCOC) announced the results of the report of its Market Follow-up Committee to monitor prices and availability of commodities. He said that the markets have shown great response over the past few days to the joint efforts between the private and the public sector to control prices as wholesale markets witnessed a significant drop in the prices of fresh vegetables and fruits this morning.
Al-Arabi praised the government’s decisions to ensure that there is no rise in prices and its attempts to contain price fluctuations in global markets with a package of exceptional measures. These measures aim to quickly and directly contribute to the decline in prices in local markets. He also added that these chambers have launched several campaigns to prepare for the start of the holy month of Ramadan across the country.
Source: dailynewsegypt.com
