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Egypt has set a fixed price for unsubsidised bread in an effort to counter rising food prices after Russia's invasion of Ukraine closed off access to lower-priced Black Sea wheat. Prime Minister Moustafa Madbouly on Monday set the price of commercially sold bread at 11.50 Egyptian pounds ($0.66) per kg, his office said in a statement.
Egypt has set a fixed price for unsubsidised bread in an effort to counter rising food prices after Russia's invasion of Ukraine closed off access to lower-priced Black Sea wheat. Prime...
Commercially sold bread set at 11.50 Egyptian pounds a kilo as Russian invasion sends wheat prices soaring
Egypt is usually the world’s largest wheat importer, and relies heavily on Russian and Ukrainian exports - Click the link for more details.
Egypt has set a fixed price for unsubsidised bread in an effort to counter rising food prices after Russia's invasion of Ukraine closed off access to lower-priced Black Sea wheat, Reuters reports. ...