Cairo: Prime Minister Mostafa Madbouli emphasized that developing and regulating wholesale markets is a cornerstone for controlling commodity flow and stabilizing prices. The premier’s remarks came during a visit to Obour Wholesale Market, where he met with officials and traders to review operations and future development plans.

According to State Information Service Egypt, he underlined the government’s commitment to upgrading infrastructure, enhancing governance mechanisms, and strengthening logistics to improve efficiency and market discipline. Officials highlighted the market’s strategic role in serving Greater Cairo and nearby governorates, emphasizing its contribution to reducing post-harvest losses and providing accurate daily data on prices and supply levels.

The market, which operates around the clock, is considered a vital hub for the trade of fruits, vegetables, fish, and other food commodities. They also reviewed plans to expand ‘one-day markets,’ increase exhibitions in coordination with relevant entities, and intensify inspection campaigns to ensure price control and prevent monopolistic practices.

Madbouli stressed the importance of cooperation between the government and the private sector to maintain market stability, noting that Egypt has a secure strategic reserve of essential goods sufficient for several months. He reaffirmed that ensuring the availability of commodities and achieving balanced prices remain top government priorities amid ongoing global economic challenges.