Eng. Ibrahim Elaraby, Vice-President of the General Federation of Chambers of Commerce and Chairman of Cairo Chamber, said that the implementation of an initiative to establish new markets for sorting, packaging and trading of commodities to reduce the losses of goods that exceed the 40% barrier, especially with respect to vegetables and fruits, is being studied. In the coming period in coordination with the concerned authorities to establish these markets to control prices, which was strongly supported by members of the business division during the meeting.

Al-Araby said that the loss of goods is reflected in their prices. Therefore, we seek through the Chamber to control the market with such an initiative to provide goods at reasonable prices to citizens in accordance with the directives of President Abdel Fattah Al-Sisi to support citizens, especially Simple people of low income.

This came during a meeting of the Board of Directors of the Cairo Chamber, which represents the Board of Directors of the Chamber and the heads and members of the various business divisions yesterday to discuss the latest developments in the market. The heads of the divisions reviewed the situation of the market in various sectors and some of them raised a memorandum about the problems of their sectors and proposals of solving to El Araby.

Chairman of the Chamber revealed that he will address the concerned authorities, including the ministries of agriculture, land reclamation, Supply & Internal Trade, Industry and Foreign Trade to coordinate the implementation of this initiative.