The minister confirmed that flour prices are stable, as the price per kilo decreased from EGP 28 to 18.
Egypt will disclose the prices of tourists’ bread within a week, taking into account the recent decline in flour prices ranging between 30% and 35%, according to a statement by Minister of Supply and Internal Trade, Ali Moselhy.
The minister confirmed that flour prices are stable, as the price per kilo decreased from EGP 28 to 18.
In the upcoming days, higher committees will be established to oversee the pricing of free bread, considering flour prices and various cost factors, Moselhy added.
The committee's responsibilities include determining the prices, weights, and technical specifications of free bread, taking into account the cost of production variables and fluctuations in flour prices. They will convene monthly to discuss these matters.
Additionally, the ministerial decision will cover the determination of bread specifications and requirements that tourist bakeries need to meet.
It’s worth noting that in Egypt there are two types of bread, one of them is the tourist bread which is unsubsidized bread that a citizen buys without a ration card.
The free or tourist bread has no official regulation. This absence of regulation allows various bakeries to sell loaves with different weights and set prices according to their discretion.
The pricing of these bread loaves is determined by factors like the type of flour used and the economic status of their customers.
The second one is the subsidized bread, which is sold at a fixed price and weight. This subsidized bread can be purchased exclusively through state-issued bread ration cards.
