Pasta prices rise in the market of Egypt after flour increase

Published 2021년 11월 4일

Tridge summary

The article highlights a significant increase in the prices of free pasta in the Egyptian markets, with the average kilo now costing between EGP 10 and EGP 11, a noticeable rise from the previous range of EGP 9 and EGP 9.5. This price hike is directly linked to the surge in flour prices, which has been largely driven by the rising costs of imported wheat. As the world's largest wheat importer, Egypt imports from various countries including Russia, Australia, and Ukraine. The average price of a ton of flour has climbed to 7,500 pounds, up from 7,000 pounds prior to the increase, further underscoring the significant price hike. The article anticipates that pasta prices will continue to rise due to the ongoing global increase in wheat prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

I wrote - Sherine Salah: Traders in the food market said that the prices of free pasta witnessed an increase in the markets during the last period, after the increase in flour prices. According to Ahmed Ismail, a member of the Chamber of Grain Industry in the Federation of Industries, the average kilo of pasta in the retail market rose to between EGP 10 and EGP 11, depending on the region in which it is sold, compared to EGP 9 and EGP 9.5 before the increase. This was agreed with Yahya Kaseb, head of the Foodstuff Division, saying that the increase in flour prices pushed pasta prices to increase in the markets during the current period. Ismail stated that flour prices are constantly increasing due to the rise in the prices of imported wheat globally. According to Bloomberg Agency, Egypt is the largest importer of wheat in the world, as it imports from many countries of the world such as Russia, Australia, Poland, France, America, Romania, Ukraine and Belarus. The average price ...

Source: EGmasrawy