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Egypt denies surge in frozen meat prices

A photo taken on October 17, 2018 shows frozen meat [FRED TANNEAU/AFP via Getty Images]
A photo taken on October 17, 2018 shows frozen meat [FRED TANNEAU/AFP via Getty Images]

Egypt yesterday denied reports that there had been a recent increase in the price of frozen meat in the country.

"The recent rumours about an increase in the prices of frozen meat distributed across the country's public outlets are groundless," it said in a statement, explaining that prices were "still fixed and stable."

The statement pointed out that the price of a kilo of frozen meat was 65 Egyptian pounds ($4.14), adding that the kilo of fresh meat was 85 pounds ($5.42).

"The current government stock of meat products is sufficient for several months to come," the cabinet noted, stressing that it "regularly launches campaigns across all outlets to control violations and prevent any price manipulation."

READ: Egypt shrinks subsidized bread loaf by 20 grams, revises cost of flour

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