Egypt anticipates rise in free bread costs

Experts and skilled bakers in Egypt are seeking to increase the price of tourist bread, as the Ministry of Supply is studying a potential increase of up to 15%. This comes in conjunction with rising production costs, particularly for flour, which has increased from around 16,500 pounds to 20,000 pounds per ton since June. These developments are further burdening bakeries with higher expenses. Officials confirmed that the increase is currently under review and will be announced next week, following a review of cost components after bakery owners called for a rise that matches the increase in wheat prices, which have gone up by approximately 4,000 to 5,000 pounds per ton. This comes amid demands from traders to adjust the prices of tourist bread based on rising costs, especially with increasing economic tensions and inflation that pose additional challenges for consumers, who are facing rising prices despite adherence to official directives.

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