CAIRO - 17 April 2024: Minister of Supply and Internal Trade, Ali Moselhy, announced that Egypt will disclose the prices of tourist bread within a week, considering the recent decline in flour prices of around 30 percent to 35 percent.
He confirmed the stability in flour prices, with the cost per kilo decreasing from LE 28 to 18.
In the coming days, higher committees will be established to oversee the pricing of free bread, taking into account flour prices and various cost factors.
These committees will be responsible for determining the prices, weights, and technical specifications of free bread, considering the variables in production costs and flour prices, whether they rise or fall. Monthly meetings will be held by the committees.
The ministerial decision will also include defining the specifications, as well as the requirements and standards to be met by tourist bakeries.
It’s worth noting that in Egypt there are two types of bread, one of them is the tourist bread 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.
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