Prime Minister Chairs Council on Goods Price Monitoring
Prime Minister Sifi Ghrieb presided over an inter-ministerial council meeting on Tuesday, tasked with implementing new mechanisms for the daily monitoring of prices and availability of basic consumer products across the nation. This significant initiative was undertaken in direct application of President Abdelmadjid Tebboune's directives, aimed at regulating the prices of widely consumed goods and safeguarding the purchasing power of Algerian citizens, with particular attention to fruits and vegetables.
The joint council convened with the participation of several relevant ministers, alongside the President of the National Chamber of Agriculture, the President of the General Union of Algerian Traders and Craftsmen, and representatives from wholesale markets for fruits and vegetables. Discussions centered on the modalities for various market operators and agents to adhere to the new daily monitoring system. The meeting also provided a platform to address concerns and proposals from agents and wholesalers regarding the structured organization of marketing for these essential products.
A key focus of the new approach is to foster a participatory framework designed to enhance transparency and ensure the traceability of products throughout the distribution chain, from the producer to the consumer. This measure is intended to guarantee the regular availability of goods at controlled prices, reinforcing market stability in the interest of the consumer.
This governmental action aligns with President Tebboune's earlier statements about the state's continued role in market regulation. The President had previously outlined plans for establishing a government institution to manage the market, including acquiring and storing agricultural products during periods of abundance to reintroduce them when supply is low. This strategic intervention underscores the principle that while Algeria's economy transitions towards greater freedom, state involvement remains crucial in sectors requiring it, ensuring that market dynamics do not solely dictate the stability of essential goods.
