GASC stands for General Authority for Supply Commodities. It is a governmental agency or authority in Egypt that is responsible for managing the supply and distribution of essential commodities, especially food and energy-related products.
The General Authority for Supply Commodities plays a pivotal role in ensuring the availability, affordability, and accessibility of basic goods for the Egyptian population. It works in cooperation with other government bodies, such as the Ministry of Supply and Internal Trade, to establish and maintain a stable market for commodities.
GASC operates through a system of tenders, through which it procures bulk quantities of commodities like wheat, rice, sugar, and edible oils from local and international suppliers. It sets the standards, quality requirements, and specifications for the purchased products to ensure compliance with safety and health regulations.
Moreover, GASC is responsible for stockpiling strategic reserves of key commodities to safeguard against potential shortages or crisis situations. This helps maintain national food security and stabilize market prices, protecting consumers from sudden fluctuations.
In addition to its procurement and stockpiling activities, GASC also oversees the distribution of goods to various outlets and vendors across Egypt, including government-owned stores and cooperatives. Its mission is to ensure that adequate supplies reach all regions of the country, especially rural areas, at fair and affordable prices.
Overall, the General Authority for Supply Commodities serves as a crucial regulatory body in Egypt's supply chain management and plays a fundamental role in supporting food security and price stability in the country.
