Egypt: The Chamber of Grain Industry announces the continued decline in the price of flour used in the production of tourist bread

Published 2024년 4월 28일

Tridge summary

The Grain Industry Chamber of the Federation of Egyptian Industries, led by Tarek Hassanein, has initiated a move to decrease the flour price for tourist bakeries to a maximum of 16,000 pounds per ton, having previously been between 21,000 and 22,000 pounds. This decision was made in a meeting with mill owners to address the rising affordability concerns for tourist bread and fino. Additionally, pasta prices are expected to decrease by 30% due to lower flour costs. The chamber, along with milling companies and basic goods producers, is committed to maintaining fair prices and supporting the government in preventing crises.

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Original content

The Grain Industry Chamber of the Federation of Egyptian Industries, headed by Representative Tarek Hassanein, a member of the House of Representatives and Chairman of the Chamber’s Board of Directors, held a meeting with the owners of mills that produce flour with a 72% extraction used in the production of “free” tourist bread and fino, to confirm the continued reduction of the price of flour for tourist bakeries so that the price per ton does not exceed 16. One thousand pounds, after its price ranged from 21 thousand to 22 thousand pounds. This was in the presence of Hussein Boudi, Vice Chairman of the Chamber’s Board of Directors and Chairman of the Mill Owners Association, Ahmed Ismail, Vice Chairman of the Pasta Division and a member of the Chamber’s Board of Directors, heads of divisions in the Chamber, Dalia Sami, Executive Director of the Chamber, and Rasha Abdel Moez, Executive Vice President. During the meeting headed by Representative Tariq Hassanein, a member of the ...

Source: Almalnews