Average vegetable prices in Egypt showed a mixed performance on Sunday, October 19th, fluctuating between stability and slight increases across the local market, according to data from the Information and Decision Support Center (IDSC).

The Egyptian government has raised the wheat procurement price for the 2025 harvest season to EGP 2,200 per ardeb, up from EGP 2,000 in 2024.

Gold prices surged to a record high after US President Donald Trump announced plans to impose tariffs on steel and aluminum imports, fueling uncertainty in global financial markets.

The Egyptian government has set the price ceiling for future wheat purchases at $240 per ton.

Egypt's cabinet approved a guide price for wheat cultivation for the 2024/2025 season.

The Egyptian Competition Authority (ECA) announced that 21 major table egg producers, representing 70% of the market, have been referred to the Public Prosecution for legal action, ECA's Head Mahmoud Mamtaz told Asharq Business.

The Egyptian Ministry of Supply and Internal Trade has raised the selling price of domestic and imported wheat supplied to mills for making subsidized bread by around 20% to EGP 13,750 per ton as of August.

The recent fuel price increases imposed by the Egyptian government will not be reflected on subsidized bread.

The Egyptian government has rejected a proposal to raise the price of subsidized sugar from EGP 12.5 to EGP 18 per kilogram (kg).

Minister of Supply and Internal Trade Ali El-Moselhy has proposed raising the subsidized sugar price to EG.P 18 from EGP 12.6 per kilogram (kg)

The price of 21-karat gold in Egypt may surge to EGP 4,000 per gram by the end of 2024.

The Egyptian government is considering raising the wheat procurement price for the current harvest season to up to EGP 2,000 per ardeb.

Egypt intends to lower the oil price by 15% at $80 per barrel in the budget of the fiscal year (FY) 2023/2024.

Madbouly also noted that the scheme could include other strategic goods such as wheat that its local procurement price was set at EGP 1,250 per ardeb by the government in January.

In July 2014, the Egyptian government began to gradually abolish electricity subsidies. This plan was scheduled to continue over a period of 5 years that end in 2019; however, the government decided to extend the subsidy program until June 2025 to mitigate the repercussions of the Covid-19 pandemic on citizens.

In July 2014, the Egyptian government began to gradually abolish electricity subsidies. It was scheduled to continue over a period of 5 years, ending in 2019. However, the government decided to extend the subsidy program until June 2025 to mitigate the repercussions of the pandemic on citizens.

During the same press conference, Minister of Petroleum Tarek El-Molla revealed that Egypt achieved a fresh record of oil exports last year to $18.2 billion, up from $12.9 in 2021, with a significant jump in gas exports.