Monitor this situation.
Unsubscribe anytime.
[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 10 sources · 4 days · First seen · Last updated
Egyptian commodity and material market trends
Overview
Market reports from late October 2026 indicate fluctuating prices across various sectors in Egypt.
In the agricultural and precious metals markets, vegetable and fruit prices at the Obour wholesale market showed mixed results, with increases in white onion, molokhia, and lemon prices, while zucchini, beans, and eggplant prices decreased. Simultaneously, silver prices experienced a notable decline, with 999 fine silver dropping approximately 20.15% since the start of 2026.
In the construction sector, prices for essential materials also showed varied trends. Investment steel prices rose by approximately 1.3%, whereas Ezz Steel prices saw a decline. Additionally, gray cement prices experienced a slight decrease.
Recent developments show the US Dollar surpassing the 56 EGP mark at several banks, including HSBC and Kouvait Finance House, with the Central Bank of Egypt recording an average selling rate of 55.89 EGP. This currency pressure coincides with rising domestic costs, such as the Ministry of Petroleum and Mineral Resources announcing new fuel prices: gasoline 95 increased to 24 EGP per liter and diesel rose to 20.5 EGP per liter. In local markets, white chicken averaged 84 EGP per kilo.
On October 26, 2026, the Egyptian pound faced further downward pressure as the US dollar surpassed 56 EGP for the first time, with the National Bank of Egypt and CIB reporting selling prices above this threshold. Local reports attribute this depreciation to the outflow of ‘hot money’. This volatility impacted the Egyptian Exchange, where the main index dropped by 3.56%. Despite currency fluctuations, the Central Bank of Egypt reported that foreign exchange reserves reached a record 57.35 billion dollars in September. Meanwhile, the Saudi Riyal rose against the pound, reaching 15.16 EGP at some institutions.
Entities
Egypt · National Bank of Egypt · United States Dollar · Ezz Steel · HSBC
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] The US Dollar selling price exceeded 56 EGP in several Egyptian banks. www.alborsaanews.com · www.bnokonline.com · www.alaraby.co.uk · alsaudi.news · www.elbalad.news
- [● 2 SOURCES] The Central Bank of Egypt's foreign exchange reserves rose to 57.35 billion dollars in September. www.alborsaanews.com · alsaudi.news
- [○ 1 SOURCE] The price of gasoline 95 increased to 24 EGP per liter. www.elzmannews.com
- [○ 1 SOURCE] Diesel prices rose to 20.5 EGP per liter. www.elzmannews.com
- [○ 1 SOURCE] White chicken prices in local markets average 84 EGP per kilo. www.elbalad.news
- [○ 1 SOURCE] Ezz steel prices reached approximately 40,000 EGP per ton. www.vetogate.com
- [○ 1 SOURCE] The Egyptian stock market's main index fell by 3.56%. www.alaraby.co.uk
- [○ 1 SOURCE] The Saudi Riyal reached a selling price of 15.16 EGP at National Bank of Kuwait. www.alborsaanews.com
Timeline
-
[BUSINESS] 10 sourcesEgypt economy: US Dollar hits record high against EGP
The US dollar has reached a historic high against the Egyptian pound, exceeding 56 EGP, amid foreign investment outflows and rising demand for foreign currency.
-
[BUSINESS] 3 sourcesEgypt market updates: vegetable prices and silver trends
Egypt's markets saw mixed results on October 22, 2026, with fluctuating vegetable prices and a significant decline in silver values.
Sources
alaraby.co.uk · alborsaanews.com · alsaudi.news · aqarlight.com · bnokonline.com · elbalad.news · elzmannews.com · godinterest.com · royanews.tv · vetogate.com
This summary has been updated 2 times: see revision history