The Egyptian government on Saturday designated seven vital commodities as strategic goods: sugar, rice, mixed oil, broad beans, milk, pasta, and white cheese, in a bid to curb market volatility and protect consumers. Prime Minister Mostafa Madbouly emphasized the crucial role these items play in citizens’ lives, stressing that their new status outlaws monopolistic practices and concealment. “Declaring these goods strategic means strict enforcement of the Consumer Protection Law,” Madbouly stated, highlighting the severe penalties for violations. To achieve this, the Supply Minister issued regulations stipulating clear pricing guidelines for retail outlets, with weekly on-ground monitoring. The committee will publish weekly reports detailing market availability and stock levels for these essential goods.
