Daily News Egypt has learned from informed sources that the government has started to speed up the release of production inputs for food product manufacturers from ports this week. This comes after an agreement between the government, represented by the Central Bank of Egypt (CBE), and the manufacturers. Moreover, the government will clear the shipments at customs, on the condition that manufacturers agree to lower the prices of essential foodstuffs. Several companies that produce basic materials have decided to cut their prices, especially Juhayna Food Industries, which lowered the price of its cheapest milk “Bekheiro” as a vital item for consumers. Obour Land Food Industries reduced the prices of its cheese and dairy products by 13% to 15%.
