Egypt announces the price of a loaf of bread, despite Sisi’s statements that it should be raised

Egypt announces the price of a loaf of bread, despite Sisi’s statements that it should be raised
Egypt announces the price of a loaf of bread, despite Sisi’s statements that it should be raised

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The Egyptian Minister of Supply, Ali Al-Moselhi, confirmed that the price of a loaf of subsidized bread is 5 piasters, although its actual cost is 65 piasters, and that re-pricing has been studied, but the price of a loaf of bread so far remains 5 piasters.

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The Minister of Supply and Internal Trade added during a press conference today, Thursday, that all options before the Ministry of Supply are open regarding the price of a loaf of bread, but at the right time.

He explained that the goal of all studies carried out by the Ministry of Supply in the subsidy file is to structure the subsidy and correct errors, so that the citizen can obtain his right to the subsidy in full and in the best way.

Egyptian President Abdel Fattah El-Sisi had expressed the need to review the price of the subsidized loaf of bread, saying, “It is time to increase its prices,” without specifying the size of this increase.

Reactions in the Egyptian street to this reference and to ways of directing support to the citizen in Egypt varied, knowing that Egypt is the largest importer of wheat in the world.

Source: Sada El Balad

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Egypt announces price loaf bread Sisis statements raised

 
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