Egypt's commodity reserves are at comfortable levels, with stocks of some goods sufficient to cover demand for up to nine months, the head of the country's chambers of commerce said Thursday. Speaking at a meeting of the Supreme Committee on Market Regulation and Commodity Prices, chaired by Prime Minister Moustafa Madbouly, Ahmed El-Wakil, president of the Federation of Egyptian Chambers of Commerce, said prices have stabilised and fallen overall compared to 2024, as the economic crisis subsides. "There is no stockpiling of any goods. It's in everyone's interest to keep factories operating and trade moving," El-Wakil said. He noted that lower inflation would help reduce interest rates, which would benefit manufacturers, traders and consumers alike. El-Wakil attributed recent price increases in a few commodities to temporary supply disruptions, stressing that overall market indicators remain positive. Attribution: Amwal Al Ghad English
