Egypt’s Supply Minister Says Strategic Reserves Are Key to Market Stability

Egypt’s Minister of Supply and Internal Trade, Sherif Farouk, said securing strategic reserves of essential commodities ensures stability in the markets.

Farouk made the remarks while chairing a meeting of the board of directors of the General Authority for Supply Commodities.

Mostafa Ismail, the authority’s deputy chairman, attended the meeting.

The minister’s message underscored the importance of maintaining essential commodity reserves as a safeguard for market stability. The supplied summary did not include details of stock levels or decisions taken at the meeting.