Effect of the Egyptian pound exchange rate liberation on the prices of some food commodities

Abstract

The most important findings of the study are that great percentage of the prices of agricultural commodities soared in prior to the central bank decision to liberate the exchange rate. The study indicated as well that the high prices of food commodities in the consumption markets are not only attributed to the exchange rate liberation but to other factors as well like the great size of marketing margins. As to the needs of agricultural production, the exchange rate liberation increased their prices. Thus, there is an increase in the Feddan production cost and the farming prices Finally, the study recommended that it is necessary for the state to adopt the decision of farmer support particularly in the needs of productions besides the necessity to control markets and enact laws and legislations that forbidden the manipulation of wholesale prices and the consumer.