Prime Minister Mostafa Madbouly held a high-level meeting at Obour Wholesale Market on Saturday to review food supply conditions, market operations, and ongoing government efforts to stabilise prices. During the meeting, Madbouly stressed that developing and organising wholesale markets is central to regulating commodity flows, ensuring efficient supply chains, and maintaining price stability. Its modernised systems have reduced post-harvest losses from 50-60%, equivalent to roughly EGP 1.2bn annually, to just 3-5%, bringing performance in line with international benchmarks. Saber added that Obour Market plays a strategic role in boosting supply availability, reducing intermediary trading layers, and ensuring fair pricing for consumers. Madbouly described Obour Market as a successful model for regulating trade and announced plans to replicate it in other regions, including 6th of October City, with additional wholesale markets currently under development.

Source: Daily News Egypt March 28, 2026 18:13 UTC