The start of the commodity exchange in Egypt with poultry and eggs

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The Egyptian Minister of Agriculture, Mr. El Kassir, agreed with the Chairman of the Egyptian Stock Exchange, Vice Chairman of the Board of Directors commodity exchangeMohamed Farid on the start of the commodity exchange with poultry and eggs.

The two parties discussed, according to a statement, today, Sunday, ways to coordinate efforts and cooperate in the field of the commodity exchange.

The meeting dealt with discussing how to develop mechanisms for trading a number of strategic commodities in an orderly manner governed by the forces of supply and demand, through the commodity exchange.

The two parties seek the Ministry of Agriculture and the Stock Exchange, through cooperation, to work on making available and providing commodities at prices that reflect a real interaction of the forces of supply and demand in a manner that ensures protection of the rights of producers and consumers.

The process of listing poultry and eggs on the commodity exchange is expected to achieve transparency in the pricing process through trading and price follow-up, as well as reducing the intermediate loops that cause price fluctuations.

These efforts come within the framework of the political leadership’s directives and the government’s efforts to provide healthy, safe and sustainable food at reasonable prices, as it was agreed to complete consultations during the next phase with the participation of the Poultry Producers Union and all relevant parties and to develop implementation mechanisms to achieve the maximum possible benefit in light of the process of coordination and cooperation between the two parties. .





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