الرئيسية / news / Ministry of Supply, Holding Company monitor strategic commodity stocks

Ministry of Supply, Holding Company monitor strategic commodity stocks

فريق رجال الأعمال news 15 June 2025 02:07 PM
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Ministry of Supply, Holding Company monitor strategic commodity stocks

Minister of Supply and Internal Trade, Dr. Sherif Farouk, held a major meeting with Food Industries Holding Company leaders to monitor the executive status of strategic reserves for subsidized and basic commodities. This aligns with the state's commitment to ensuring citizens' basic needs, market stability, and food security. The meeting also aimed to confirm supply and production quantities and oversee supply and distribution chains.

During the meeting, discussions comprehensively addressed the availability of basic commodities within the warehouses of the Food Industries Holding Company and wholesale companies. The participants also reviewed the regularity of supply operations from producers to wholesale warehouses and the efficiency of transportation and distribution to all sales outlets. These outlets include consumer complex branches, mini markets, and supply grocers across the nation.

Dr. Sherif Farouk emphasized the importance of high readiness and consistent monitoring of daily supply rates. He stressed securing a sufficient strategic reserve for stable periods, particularly given current global and regional challenges and economic fluctuations. He also underscored the need to enhance the efficiency of handling and distribution to ensure timely and easy access to commodities for citizens.

The Minister highlighted the need for the Holding Company and its subsidiaries to fully coordinate and to strengthen partnerships with suppliers and producers. This approach, he stated, is crucial for ensuring regular supply lines and delivering services to citizens with the highest discipline and quality.

The meeting was attended by Major General Walid Abul Magd, Deputy Minister of Supply, Counselor Amr El-Sisi, Legal Advisor to the Minister, Hossam El-Garahy, Assistant Minister for Oversight Affairs. From the Food Industries Holding Company, attendees included Dr. Ayman Ismail, Chairman of the Board, and Dr. Alaa Nagy, Managing Director and CEO. Representatives from subsidiary companies also attended: Major General Mohamed El-Sayed, Acting Executive Managing Director of the Egyptian Wholesale Trade Company, Accountant Khaled Qandil, Non-Executive Chairman of the General Wholesale Trade Company, and Major General Khaled Diab, Executive Managing Director of the General Wholesale Trade Company.