Egypt: Bread subsidies rose from 51 billion pounds last year to 91 billion pounds currently

Bakery & Bread

Egypt

Innovation & Technology

Published Mar 6, 2024

Tridge summary

Egypt's Minister of Supply and Internal Trade, Dr. Ali Al-Moselhi, has announced plans to expand the establishment of commodity outlets and commercial areas to reduce the cost of goods and food products by cutting transportation expenses. The minister also inaugurated 16 new offices from the network of model commercial registry offices across various regions. Furthermore, bread subsidies have been increased from 51 billion pounds to 91 billion pounds to keep the price of a loaf of bread at 5 piasters on ration cards, despite rising production costs.

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Original content

Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade, confirmed that there are directives from the political leadership to expand the establishment of commodity outlets and commercial areas, which contributes to reducing the circulation of goods and food products, and thus reducing the expenses of transporting products, which reflects positively on the final price of food commodities. This came on the sidelines of the inauguration of Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade, and Dr. Ibrahim Ashmawy, First Assistant Minister of Supply and Head of the Internal Trade Development Authority, today, Tuesday, via video conference, 16 offices from the network of model commercial registry offices in many regions in the different governorates, “Giza, Menouf, Governorate.” Menoufia, Western Extractions Unit, Kafr Al-Dawwar, 10th of Ramadan, May 15, Minya, Ibshway, Tamiya, Al-Saf, Ras Ghareb, Al-Sinbillawin, Abu Tig, Al-Manzala, Rashid, Dessouk.” The ...

Source: Soutalomma