The Ministry directed a study to determine production costs based on factors including bread type, fuel type, and the sector which the bakery belongs to
Egypt is the largest importer of wheat in the world and provides subsidized bread to more than 70 million of its residents as part of a huge food subsidy program.
Moselhy added that this decision came in light of the dropping in flour prices by 40% in March, to record EGP 16,000 down from EGP 26,000.
Amidst rising oil prices, the Egyptian government announces plans to subsidize bread production.
