Egypt is experiencing a significant increase in the price of milk and dairy products, such as yogurt and cheese, despite the country's self-sufficiency in milk and a surplus for export. This price hike is attributed to the liberalization of the Egyptian pound's exchange rate in late October, leading to a rise in feed prices and a subsequent shortage. Additionally, a delay in opening letters of credit and slow currency management by banks have exacerbated the situation, causing a scarcity of production requirements and further driving up prices.