The Ministry of Commerce announced that the producer and consumer welfare will be evaluated together in order to prevent speculative prices by directing the markets, to ensure supply security in basic food products and to meet the need for the country through the encouragement of domestic production. The Ministry announced that they have taken the necessary measures by using trade policy instruments in coordination with the relevant institutions and organizations.
In this context, upon the request of the Ministry of Agriculture and Forestry, the basic consumption items of our citizens is a critical input in the production of poultry meat and red meat, as well as animal feed, as well as the production of other various food products in the production of the production of the last year and the production of the production of supply and price stability in the production period of the existence of the consumption of the domestic price of the domestic price of the domestic price of the domestic price of the domestic price of the domestic price of the domestic prices in the production of the domestic price of the domestic price. Tariff quota was opened for use for 1 million tons until July 31.
This application, which allows the importation of a limited amount of products, will end as of August 1 before the beginning of the harvest period of the product in order to protect our domestic corn producers and customs duties on Egyptian imports will continue to be applied as 130 percent.
The quota of the tariff in question will be able to import a maximum of 8 thousand tons of imports by a user at one time in order to benefit from imports in a fair way and the same importer will have to wait 7 days to import again within the scope of the tariff quota.
In consultation with other institutions and organizations, especially the Ministry of Agriculture and Forestry, the Ministry of Commerce will closely monitor the supply, demand and price level in the market and continue to implement the necessary arrangements on time.
