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Sisi: State aims to keep price levels “without increase”

President Abdel Fattah El Sisi said the State aims to keep price levels “without increase”, noting that the State has reserves of strategic commodities that are sufficient for six months.

 

The president made the remarks during an interview he held with a group of journalists and media men after he inaugurated earlier in the day projects of animal and dairy production, and mechanized slaughterhouses in the industrial city of El Sadat.

 

Sisi expressed thanks to farmers for supplying nearly 4 million tons of wheat during this harvest season .

President Sisi said the State is keen to have reserves of strategic commodities that are enough for six months.

 

“Until the end of the year, we as a State can control prices by other initiatives,” Sisi said, noting that he never talked about the consumption rate of commodities

President Sisi said Egypt is working very seriously on resolving the Libyan crisis through the constitutional course, the 5+5 talks, and encouraging Libyans to reach an understanding; given that Libya’s interest is much greater than any other interest.

 

Our stance has been keeping the situation de-escalated, avoiding a slide into an armed confrontation, and bringing things back to how they were in 2019 and 2020, Sisi said.

 

 

Source: State Information Service Egypt