Supply ministry forms committee to monitor bread prices

Ahram Online , Tuesday 16 Apr 2024

Minister of Supply and Internal Trade Ali Moselhi announced on Tuesday that a higher committee will be formed in the upcoming days to monitor the prices of bread in light of changes in flour prices.

Minister of Supply and Internal Trade Ali Meselhy
Egyptian Minister of Supply and Internal Trade Ali Meselhy


He pointed out that the committee, which will meet monthly, will determine the price, weight, and quality of bread.

According to the ministry's statement, flour prices have decreased by around 35 percent, dropping from EGP 28 to EGP 18 per kilogram, following the US dollar flows into Egypt and the customs releases that took place recently.

The ministry will also help bakeries obtain the necessary licenses to operate freely and under the direct supervision of the ministry.

On Monday, governorates started receiving local wheat from farmers nationwide, setting their sights on collecting 3.5 million tons of the staple crop during the 2024 wheat supply season.

Egypt’s total consumption of wheat amounts to around 18 million tons annually, half of which goes to producing subsidized bread.

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