Sameh Zaky, a board member of the Cairo Chamber of Commerce, said that the Chamber demanded
wholesalers and retailers to activate the Commercial Code of Honor, To comply voluntarily with
the indicative prices announced by the Ministry of supply and internal trade, Which has already done.
The Prices Decreased during the last days , pointing out that the supply of vegetables and fruits have
increased and their prices have been lower than prices announced by the ministry of supply.
Zaky added that the Commercial Chambers Cannot Apply any sanctions against violators of
the indicative prices, pointing out that the law imposes trade sanctions in case of the Declaration of
the constraint pricing only.
He stressed that Indicative prices are set according to the average price of each commodity, noting that
the rate varies from one place to another as well as the quality of the commodity and The nature of
the retail market. He stressed that the Chamber is working hard to notify all wholesale and retail traders
of indicative prices, which change from time to time, and he urged them to abide by them in accordance
with the agreement with the Ministry of Supply.