Reserves of subsidized infant formula can last seven months

Reserves of subsidized infant formula can last seven months, an unnamed sources at the Egyptian Pharma Trading Company told Al Borsa, denying any rumors of shortages.
The Armed Forces imported 30 mn packs of infant formula at 50% of imported price during a shortage last year. Meanwhile, privately imported infant formula, unshackled by the Health Ministry’s mandatory pricing, went up by 65% to record EGP 100 per pack following the EGP float, Pharmacist Syndicate board member Mohamed El Abd said.