Global pressure mounts on Israel as Gaza death toll surges, war deepens    Egypt targets 7.7% AI contribution to GDP by 2030: Communications Minister    Irrigation Minister highlights Egypt's water challenges, innovation efforts at DAAD centenary celebration    Egypt discusses strengthening agricultural ties, investment opportunities with Indian delegation    Al-Sisi welcomes Spain's monarch in historic first visit, with Gaza, regional peace in focus    Cairo governor briefs PM on Khan el-Khalili, Rameses Square development    El Gouna Film Festival's 8th edition to coincide with UN's 80th anniversary    Egypt's gold prices fall on Wednesday    Egypt expands medical, humanitarian support for Gaza patients    Egypt condemns Israeli offensive in Gaza City, warns of grave regional consequences    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt condemns terrorist attack in northwest Pakistan    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Armed Forces counters ‘greedy' traders producing infants milk: spokesman
Published in Amwal Al Ghad on 04 - 09 - 2016

Following its intervention to fill in the shortage of subsidised infants milk that occurred on Thursday, the Armed Forces said that the step was an attempt to counter the greed of traders and companies.
A statement on Saturday by Mohamed Samir, the army's spokesperson, said that the initiative took place when the army noticed that "companies importing the milk monopolised the packets to increase the price, which will increase the suffering of ordinary citizens".
On Thursday, dozens of families protested in front of the Egyptian Pharmaceutical Trading Company against the shortage of subsidised baby formula.
Families decided to assemble at the company's headquarters and block the main road, after going back and forth between the company and other retail outlets in search of the formula.
Following the incident, Minister of Health Ahmed Emad said the milk will only be sold in outlets belonging to the Health Ministry, which amounts to 1,005 outlets across Egypt, including 109 in Cairo. According to an official statement from the ministry, the families were directed to the new outlets and 22 cases were given the formula following their review.
According to some families' testimonies, the subsidised formula is much cheaper than the one found in pharmacies. One of the protestors, who came from Menoufiya in search of the milk, told Daily News Egypt that the price for a single packet is EGP 17, whereas in pharmacies it can go up to EGP 65, which he cannot afford. Many of the families had travelled from other cities to Cairo in search of the formula.
The army said in its statement that it will coordinate with the Health Ministry to provide the formula at a price of EGP 30 instead of EGP 60.
The decision was met critically and interpreted as a step by the army to monopolise the industry.
In the Saturday statement, the army also refuted claims that it had already imported the formula packets ahead of the controversy, adding that importing will begin starting from 15 September.
In addition to the formula, the army also administers mini-markets all over the country, selling subsidised meat and poultry.
In July 2014, Minister of Defence Sedki Sobhi issued orders to private army outlets, the National Service Authority and the General Services Authority, to slash food prices in bulk, following the increase in prices of food items that occurred when Al-Sisi's first government decided to cut budget spending on energy subsidies in the FY 2014/2015 budget by EGP 34bn.
Source: Daily News Egypt


Clic here to read the story from its source.